Massachusetts state pension, debt liability ‘at crisis level’

in

Jan 16 2020

By Joe Dwinnel, The Boston Herald

“We’re talking about big increases and every year and the cost is expected to go up almost 10% a year,” said Heath Fahle, policy director for the Massachusetts Taxpayers Foundation. “Health care, local aid, public safety, MBTA and road projects all get squeezed a little by these rapidly growing pension payments,” said Fahle. “Credit rating agencies are noticing.” Fahle was the author of a report out earlier this week saying Massachusetts could be facing an $880 million budget gap next year due to slowing tax revenue and bills due — including pensions.
Full article
Forward to a friend
See our site policy on external link content.