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Spending by state prompts warnings

Further loan of $600m needed for year's end

By Scott Helman
Globe Staff / December 5, 2006

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The state has to borrow an additional $600 million this month to address a short-term cash-flow shortage and meet end-of-the-year local aid payments to cities and towns, prompting warnings from the Romney administration and the state treasurer that the Commonwealth is spending at a perilous pace. (Full article: 1071 words)

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