Money marathon

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Turning crisis into long-term management

When it comes to managing the economy, we’ve heard the word “crisis” bandied about for many months. By definition, crises eventually pass, leading to markedly better or markedly worse conditions. If the economic snapshots that emerged from The Research Bureau’s Wednesday morning forum on the economy are accurate, it may be time to replace crisis talk with something more descriptive of what appears to be an era when tax revenues are permanently constrained.

The session — “Balancing the FY13 Budget: Has the crisis passed?” — offered the views of Pam Kocher from the state’s Executive Office of Administration and Finance, Worcester City Manager Michael V. O’Brien, and David P. Panagore, chief operating officer in Hartford.

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