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May 12, 2022
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May 12, 2022
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Those investments have not been enough to keep up with the MBTA’s modernization needs, according to previous agency estimates. A September 2021 report from the business-backed Massachusetts Taxpayers Foundation found the MBTA faces a $13 billion shortfall for core infrastructure improvements it…
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Nov 17, 2021
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Nov 17, 2021
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A report released in September by the Massachusetts Taxpayers Foundation concluded the MBTA faces a growing future budget shortfall, due to the sluggish recovery in ridership and resulting lost fare revenue. It found the MBTA might face a budget gap of between $200 million and $400 million in…
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Nov 12, 2021
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Nov 12, 2021
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According to Boston.com, a report released in September by the Massachusetts Taxpayers Foundation suggested the MBTA faces a growing future budget shortfall, due to the sluggish recovery in ridership and lost fare revenue. According to the report, the MBTA might need to address a budget gap of…
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Oct 27, 2021
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Oct 27, 2021
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But those lingering concerns, or the Massachusetts Taxpayers Foundation’s warning about the T facing a “fiscal calamity,” may have been on the mind of Transportation Secretary Jamey Tesler, who said in his opening remarks that the new board begins its work at “a challenging time.”
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Oct 27, 2021
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Oct 27, 2021
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Keeping the transit system funded is another top concern among advocates. The Massachusetts Taxpayers Foundation recently reported that the MBTA’s operating and capital shortfalls coming in fiscal year 2024 will require $1.25 billion in new funding annually.
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Oct 21, 2021
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Oct 21, 2021
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The Massachusetts Taxpayers Foundation reported recently that the MBTA could face a deficit as high as $400 million in its yearly budget that begins in 2023 and a $13 billion shortfall for core infrastructure improvements it plans to make over the next decade.
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Oct 07, 2021
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Oct 07, 2021
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A Massachusetts Taxpayers Foundation report published in September cautioned that the MBTA could face “fiscal calamity” in several years if the agency does not substantially overhaul its finances or if lawmakers do not decide to steer more dollars toward public transit.
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Oct 03, 2021
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Oct 03, 2021
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Senate President Karen Spilka this week stomped all over the idea of raising taxes or fees to generate more money for the MBTA: “So I’m not certain that there’s a need for even more money. I have not heard that from a single person,” she said, choosing to look past what groups like TransitMatters…
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Sep 30, 2021
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Sep 30, 2021
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The Massachusetts Taxpayers Foundation recently released a report that found the T would need $1.25 billion in new annual revenue to meet its capital and operating needs in the coming years.
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Sep 30, 2021
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Sep 30, 2021
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Tuesday's derailment is the latest in a series of problems on the T, from an escalator malfunction this weekend to a collision in July to another derailment in March that caused all new Orange and Red line train cars to be pulled from service. Meanwhile, a recent report from the Massachusetts…
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