Municipal budgets most stressed since ’80, report says
Boston Globe
State aid cuts, lack of growth are cited
December 7 2011: Cash-strapped cities and towns across Massachusetts are struggling with the worst stress on their budgets since passage of Proposition 2 1/2 in 1980, according to a new report from the Massachusetts Taxpayers Foundation.
The drumbeat of worrisome economic news has come from several fronts in the past two years: Municipal budget growth has been anemic, state aid has been slashed, and property taxes have risen to a three-decade high as a share of municipal revenue, according to the report.
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Boston Globe