Massachusetts faces possible default on housing debts this September
Boston AP reports a budget shortfall of 1 million leaves the state unable to cover 8 million in housing agency notes and bonds due in September. Governor Dukakis and officials warn a delay could lower credit ratings and raise future borrowing costs. A legislative fix may redirect 1 million from available funds to debt service before deadlines in early September.
MENTIONED IN THIS ARTICLE
Boston
William Flynn
Flynn
Michael S. Dukakis
Administration
John R. Buckley
Buckley
House
Senate
Russell Smith
State Department of Community Affairs
Community Affairs Agency
Smith
Massachusetts Faces Bridge Crisis
Massachusetts says 13 percent of state bridges are unsafe and repairs could reach 1 billion dollars. Commissioner John Carroll told a legislative committee that 323 of 2,600 state bridges cannot carry legal loads. TRIP reports 25 percent of bridges nationwide are structurally deficient. Carroll called TRIP’s estimates low. Rep. Richard M. McGrath remarks referenced.
MENTIONED IN THIS ARTICLE
Boston
State Department of Public Works
John Carroll
Legislative
The
Road Information Program
TRIP
Carroll
Special
Richard M. McGrath
Watertown
DPW
Fire damages Market Square block in Portsmouth
A three story building on Market Square in downtown Portsmouth suffered serious fire damage. Two firefighters were treated for smoke inhalation as crews from Portsmouth and nearby towns battled the blaze at Pleasant and Porter streets. Occupants reportedly escaped and authorities sought to protect the North Congregational Church from the flames.
MENTIONED IN THIS ARTICLE
Portsmouth
N.H
Market Square
Pleasant
Porter Streets
North Congregational Church
Northeast Apple Crop Seen Bumper and Stable in Prices
The Associated Press reports a strong apple harvest across the Northeast with expected higher production and stable to lower prices. Connecticut officials estimate nearly 1.12 million 42 pound units, led by McIntosh, Red and Golden Delicious, Cortland and Rome Beauty. Orchard owners caution weather could affect harvest and note rising costs may influence pricing. Consumers may see a price break, with cider prices around $1.50 per gallon as supply increases.
MENTIONED IN THIS ARTICLE
Associated Press
Robert Goldman
Connecticut Agriculture Department
Northeast
Goldman
Connecticut
Ben Silverman
Easton
John Lyman Jr
Middlefield
Lyman
Silverman
Cortland
Rome
Also Mentioned on This Page
Berlin
Montreal
UPI
Hatch
Lion
State Comptroller's Office
Janson’s
Bedell
ePor Jool
Kodak
Kennebunk
Massachusetts
Penn Central Railroad
Legislative Commission
Dan
Gerously
Wareham
N.E
Butler’s
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