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The Boston Globe


Officials statewide bracing for the fiscal cliff

Most agree impact on budgets is months away

City and town officials in Massachusetts are warily watching negotiations over the pending fiscal crisis in Washington, although any financial effect on local budgets is probably months away.

Local officials said they are concerned about how cuts in the federal budget might hurt municipal finances if negotiations in Washington fail to avoid the year-end so-called fiscal cliff, which would trigger automatic tax increases and spending cuts in domestic and military spending.

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