January 16, 2020
PUBLIC FINANCE > Budget > FY 2020

Massachusetts state pension, debt liability ‘at crisis level’

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.