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Falling home prices, rising taxes squeeze towns

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

By Matt Carroll

 |  Globe Correspondent  

  December 29, 2011

Homeowners and towns around the South Shore are facing tough financial squeezes. Home prices keep 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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