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Cities Struggle with Budget Shortfalls | New Bedford News
Cities across Massachusetts are grappling with massive budget shortfalls, with New Bedford leading the charge at $32 million — but it’s far from alone. Fall River, Brockton, Quincy, and Lynn are all under similar financial strain as soaring pension obligations, skyrocketing health insurance costs, and mounting debt service outpace state aid and inflation. While each city adopts its own strategy — from hiking property taxes to trimming expenses — the real crunch lies in balancing essential services against rising costs, especially when healthcare expenses climb 15%+ annually and pension…
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