June 15, 2020

Coronavirus derails MBTA finances, report says deficit to hit $400 million by FY22

Erin Tiernan ,

The Boston Herald

“Even before the pandemic hit, the MBTA’s operating costs jumped by 5.3%, a five-fold increase over previous years. Combine that steep rise in expenses with a $240 million loss in fare revenues due to the pandemic, and the T’s balanced budget has gone off the rails,” the Massachusetts Taxpayers Foundation says in its report released Monday.