AdvertisementThe Commonwealth’s 2026–27 budget is a troubling example and should become a gold standard in how to manipulate a budget with few the wiser — until it is too late. AdvertisementThat difference should be plainly explained to taxpayers and future bond investors to prevent allegations of fraudulent presentation of the Commonwealth’s financial position. This may reduce the appearance of pension cost in employer contribution rates, but it does not reduce the pension liability. Taxpayers may discover that today’s balanced budget was financed with tomorrow’s revenue. The Commonwealth should publish a multi-year plan to eliminate its structural deficit and stop schemes that give the illusion of a balanced budget.