"Each year we delay action on this, the problem gets bigger and more unwieldy," said Carolyn Ryan, assistant director of policy and research for the business-oriented Massachusetts Taxpayers Foundation, which has studied the impact of retiree benefits on state and local governments.
By Michael Norton, State House News Service / Sentinel & Enterprise
The Massachusetts Taxpayers Foundation has estimated a $1.5 billion gap between expected revenues and expenses next year. Baker is tackling that budget gap without recommending any tax hikes, and does not plan to draw money from the state's stabilization fund, which lawmakers have regularly used to support spending plans.
“I think the long-term issue is one of most significant facing municipalities in Massachusetts,” said Carolyn Ryan, assistant director of policy and research for the Massachusetts Taxpayers Foundation. “It’s something where these costs are going to continue to build over time and are going to erode resources available for other important services.