Title: Treasurer Tim Cahill on FOX25

" Voters in Massachusetts but very loudly and very legally on question one yesterday and I believe it actually has left the smile on our treasury -- this morning -- Cano during -- talk a little bit more. You're relieved no --"

" Yeah yeah definitely going to have my plan B was coming in this morning type the bad news and we've been put on watch by the rating agencies and told this was the past. Come up with a solution or we moved you know they're going to be very concerned about bonds and our ability to access the markets which are difficult anyway so I'm very relieved."

" You and I've been talking you know over the last few weeks you've been in with this and chatting about how difficult things advantage intercept me this morning it was a tough month that was. What with an income tax still in place yeah. I mean who we are facing tough times."

" Yet when what this is just one last probably have to face of revenues -- down vote almost 5% in October. But 120 million war and we had anticipated originally built up this budget so it's going to meet with the going to have to come back and make some cuts. I -- spending under control but at least don't have that big. Albatross hanging around the -- of how to do that in cut income taxes."

" As you guys were looking at plan B did anything jump out at you as a possibility. When we're talking about cuts in things in."

" Well not not at high levels on those levels that would it would across the board that -- 40% budget will we were looking at just how would insure our debt. How we're going to commence the -- the public that -- that would have been that would have -- Debt service that we pay every year it's a big part of our budget we have a heightened state so have to do that with five point 3% less income. I don't know how we would have done it. The issue would it then what with the legislature it -- would have been a big question what they have overridden the vote the vote of the people I I don't think it would had a choice. The that would have been tough vote. You know this building when her crazy for the next couple months -- not that it won't be difficult and it's still challenges to face it's good news that. It didn't pass it's good news we -- Democrat in the White House but that doesn't change that dynamic that -- worst economic crisis. In the last eight years and -- the president the governor and legislature on the have to figure out how we balance our budget in and turn the economy. Do you anticipate that happening any time -- may be sooner now that Barack Obama is our president elect I I think it's good news in the sense we have leadership I mean the biggest challenge we had back in October and September's we have rolling duck president. And we are in the middle election that was very close at that point and that obviously had a lot to do changing the closeness of the race. I don't know it depends on again what is done hopefully it's not going to be crossed with tax increases if that's probably not. Best way to get out of recession and either here or nationally. So going to be sensitive and maybe some of that commitments that the president elect has -- he may not be able to -- like our governor. He's not going to deal -- everything that he committed to because we're not lower revenue. Recessionary period and you have to get out of that try to build business up before you can spend money as we don't have it we just don't happen."

" A change -- just a little bit just getting some your expert opinion this morning. We have a new democratic. To Democrat elect -- as our president he is a very good friend of our governors do you anticipate our apparently missed it."

" I mean I've taken at his word he says he's not going to serve out his term and run for election so I I I I do know although that. I don't know personally but I would assume that if you if you good friend as president he action to serve. In new countries in in in in difficult times and what would you what would your answer be. But I -- again he said he's going to stay he says going to serve out his terms optic network that and I think. Again we're going to need leadership in this state at that levels the executive so if there's any uncertainty. If there's any decisions hopefully -- Brantley and I hope. I think for the state say these -- serves out his term and provides leadership to get through this economic downturn what about a junior senator who was just reelected yesterday. It's not like he's ready to go -- want to read the paper today. And and we'll see things had a very long just."