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The Boston Globe

South

Falling home prices, rising taxes squeeze towns

With state aid down, no relief for towns in sight for many years

Homeowners and local communities are facing tough, long-term financial squeezes that are putting an unprecedented strain on what should be a cooperative relationship.

Home prices are dropping but taxes keep rising, according to state figures, while a nonprofit report warns that towns face years of financial difficulty because of soaring costs for pensions and retirees’ health care.

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