![]() Massachusetts health care reform Ĭahill is a vocal critic of the state's health care reform bill, often called "Romneycare" for Governor Mitt Romney, who signed the legislation into law, and which Cahill has called "a fiscal train wreck" that has "blown a hole in the Commonwealth's budget." While projected to cost the taxpayers only $88 million in 2006, the actual cost of the Bay State's healthcare system was over $4 billion. Since taking office in 2003, the Lottery has returned $7.3 billion in Local Aid to cities and towns. Cahill has argued that the increased revenues are the product of spending cuts and new games. Cities and towns expect to receive an extra $44 million from lottery revenue. The state's lottery will post record profits that year - $903 million - while lottery sales stayed even. Pension Reserves Investment Management Board Īs Treasurer, Cahill served as Chairman of the nine-member Pension Reserves Investment Management (PRIM) Board, which is charged with the general supervision of the Pension Reserves Investment Trust Fund.Ĭahill was Chairman of the five-member Lottery Commission, which was established by the Legislature in 1971 to provide local aid to Massachusetts cities and towns, as well as the state Arts Council and the Massachusetts Cultural Council.Īs of April 24, 2010, Massachusetts Lottery FY10 sales are about $3.636 billion while FY09 sales during same period were $3.645 billion, a dropoff of 0.25 percent from year to year. The MSBA has received praise from members of both parties for its fiscal management and effectiveness. Prior to the reform, Governor Romney said the SBA could be "the next Big Dig." As chair of the newly authorized Massachusetts School Building Authority (MSBA) that received the prior SBA's responsibilities and debts, Cahill lead the initial years of the entity's activities. He worked with Governor Mitt Romney and the legislature to pass that legislation. He filed the legislation to reform the School Building Assistance Program (SBA) in 2004. State Treasurer Cahill speaking in 2008 Massachusetts School Building Authority ĭuring his tenure as state Treasurer, Cahill was Chairman of the seven-member Board of Directors. On September 9, 2009, Cahill announced that he would run in the 2010 Massachusetts gubernatorial election as an independent. On July 7, 2009, The Boston Globe reported that Cahill was planning to leave the Democratic Party. ![]() Much of the money went to cities and towns in the form of local aid. ĭuring Cahill's tenure as treasurer, the Massachusetts Lottery raised $7.2 billion. Cahill, and was elected state Treasurer in the general election. In the 2002 Democratic primary, Cahill won a four-way race that included another candidate with the same surname, Michael P. In 1996, Cahill was elected as Norfolk County treasurer and served until 2002, when he began his campaign for state treasurer. He was reelected seven times and served as the chair of the finance committee. He ran again in 1987, at the age of 29, and was elected, where he served until 2003. ![]() His parents Eamon Cahill, a bricklayer and Eileen Cahill (nee O’Shaughnessy) a homemaker emigrated from Thurles, Co.Tipperary in the 1930s.Ĭahill's first attempt to be elected to political office came in 1981, when he unsuccessfully ran for a seat on the Quincy City Council. Timothy Patrick Cahill (born December 1, 1958) is an American former politician who served as Massachusetts Treasurer and Receiver-General and was an independent candidate in the 2010 Massachusetts gubernatorial election.Ĭahill graduated from the Boston University College of Arts and Sciences in 1981.
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