July 15, 2008 Treasurer Tim Cahill weighs in on Bay State budget Play video

(NECN) - It has been a busy week at the State House, and if you are a Massachusetts taxpayer, you might want to check your wallet. Chet Curtis is joined by Massachusetts State treasurer Tim Cahill to explain how the latest budget moves by the legislature and governor contain some ticking time bombs.

Cahill discusses the new house of ways and means committee amendment, pension hikes for state employees, and the claim that there is a one billion dollar hole in the state budget.