Healey funding plan not enough to close T's budget gap
Gov. Maura Healey’s push to increase state support for the MBTA could help the agency navigate the year ahead, but it would not be enough to solve a projected...
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Gov. Maura Healey’s push to increase state support for the MBTA could help the agency navigate the year ahead, but it would not be enough to solve a projected...
The MBTA’s budget gap could grow to $652 million in the next fiscal year, when pandemic relief funds that have been helping the agency offset its significant loss in fare revenue and high cost of federally-mandated safety fixes run out.
For generations Irish and Irish Americans have believed the “Nine Famous Irishmen” story, but alas, it strays far from the truth.
The hefty price tag required to bring the agency up to standard does not reflect money that will need to be raised immediately, GM Phil Eng explained, but does reflect the cost of providing a rebuilt and modernized transit agency.
The MBTA estimates that it will cost a whopping $24.5 billion to bring its dilapidated system into a “state of good repair,” a price tag that has spiked by $14.5 billion since the agency’s last capital needs analysis was conducted in 2019.