Word: propped
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Dates: during 1990-1999
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...community voted, Prop 2 1/2 was overridden for one year, and Rockport raised the money it needed through the increased property...
Ever since Prop 2 1/2 was enacted, cities and towns relied on the state to make up for the lost tax revenue in local aid payments. But now, with the state facing a budget deficit of more than $500 million, state officials say they can no longer supply the necessary funds...
...state has filled in the gap," says Paul Bockelman, executive secretary of Manchester, an eastern Massachusetts town that unsuccessfully attempted a Prop 2 1/2 override vote earlier this month. "But now that the state cash cow is dead, that money is not there anymore...