The Massachusetts Taxpayers Foundation warned earlier this month the T could be facing a “fiscal calamity” that would require $1.25 billion in new annual revenue just to meet operating and capital needs. That does not include $2 billion in federal stimulus funds already paid out to the agency…

A lot is going on in the transportation world - ARPA funding, the September vote by the House on the $1 trillion bipartisan infrastructure bill, the looming operating and capital budget challenges at the MBTA, uncertain return to work policies and schedules. We'll cover these issues and other…

A report from the business-backed Massachusetts Taxpayers Foundation found that the MBTA will be as much as $400 million short on its operating budget by mid-2023 and $13 billion short on its plans for maintenance and modernization over the next decade. Advocates and policy watchers say the…

The MBTA is sliding deeper into a fiscal hole, according to new watchdog report, which calls on lawmakers to bail out the troubled transit agency. The report by the Massachusetts Taxpayers Foundation says the T faces an “imminent fiscal cliff” and by July 2023, its operating budget will be…

A Boston-based think-tank says the MBTA is in dire straits. “The MBTA’s finances are kind of in a calamitous state right now,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, which just came out with a report on the financial state of the T. By 2023, the group predicts a…

With ridership still far below pre-pandemic levels, the Massachusetts Bay Transportation Authority faces a calamitous revenue shortfall in years to come that would force fare hikes or service cuts and would make it impossible for the agency to enact the sweeping social and environmental changes…

The Massachusetts Taxpayers Foundation published a new report on Thursday describing the financial future of the state’s largest public transit agency as “unequivocal and unsettling.” Despite the infusion of $2 billion in federal stimulus funds during the COVID-19 pandemic to offset declines in…

MTF issues its latest analysis of MBTA finances. Despite the recent infusion of federal funds and due in part to the unforeseen effects of the pandemic, the report documents the imminent financial cliff that will face the agency in 2023. The intent of this report is to make the case why lawmakers…

The Massachusetts Taxpayers Foundation has been warning for some time that funds for capital spending at the T are going to start falling off a cliff in fiscal 2025. The T didn’t dispute the foundation’s numbers, but also didn’t produce its own estimates – until Monday. Using the T’s new…

THE MBTA is preparing to cut service levels to deal with a budget shortfall looming over next year, but the Massachusetts Taxpayer Foundation warned members of the Fiscal and Management Control Board on Monday that even bigger problems are just around the corner. Andy Bagley, a vice president…