“For the Massachusetts Bay Transportation Authority to keep its trains, buses, tracks, and other infrastructure in good working order, it likely needs to spend even more than the hundreds of millions of dollars per year it has estimated — largely because the T’s method of estimating that figure is inadequate, according to a report from the nonpartisan Massachusetts Taxpayers Foundation.”
A new report say the MBTA will probably have to spend more than the $7 Billion it estimated to upgrade its system. The Massachusetts taxpayers foundation says the T has failed to account for inflation.
By Katie Lannan, State House News Service / CommonWealth Magazine
The taxpayers foundation on Thursday released a transportation-focused report that pegged “inferior” data quality in asset management systems, the inability to properly manage projects, and a lack of accountability on how money is spent as challenges to adequately addressing the capital needs of the transportation system.
The Transportation Finance Commission was created as an independent body to examine and evaluate the financial health of the State's transportation agencies and authorities, and make recommendations based on their findings.