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Dec 11 2013
Massachusetts Taxpayers Foundation President Michael Widmer cautioned that the projected rise in revenue is less than in past economic recoveries that grew by 6 to 7 percent. They say most of the money will be quickly absorbed by current spending obligations. “One looks are things like debt service, pensions, Medicaid, other built in obligations consume a lion’s share of that $1.1 billion in additional spending,” said Widmer.