A major study released today by two leading business groups, the Massachusetts Taxpayers Foundation (MTF) in collaboration with the Massachusetts Business Roundtable MBR), offers a blueprint to ensure the greatest possible return on additional investments in transportation that are required to enhance the state’s economic competitiveness.
On April 25, MTF President Michael Widmer presented the MBTA’s financial status at a meeting organized by A Better City. With a growing operating deficit, massive debt, and faltering infrastructure, the T faces major fiscal challenges in the upcoming years.
MTF Letter to State Senate
The Commonwealth is going on this debt binge at the very moment that the floor may drop out of our finances. We are not risking a credit downgrade, we are virtually inviting it.
Bailing out the Turnpike with no accompanying reforms, no transparency, and no comprehensive plan to address its underlying problems will be remembered for years as the other bookend to the Big Dig fiasco.