After Biting the Bullet on Pension Contributions, It's Time to Study

Scarchilli, Michael
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p15
Trade Publication
The article provides an overview of the fiscal condition of Massachusetts. With an increase in reserves and pension fund, the state is planning to reduce taxes and boost the funding for local government programs. An analysis of the state's budget stabilization fund is made by Moody's Investors Service analyst Nicole Johnson. State assistant secretary for capital finance Carlo DeSantia claims that the state is on schedule to fully pay off its unfunded pension liability by 2023.


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