“Even before the pandemic hit, the MBTA’s operating costs jumped by 5.3%, a five-fold increase over previous years. Combine that steep rise in expenses with a $240 million loss in fare revenues due to the pandemic, and the T’s balanced budget has gone off the rails,” the Massachusetts Taxpayers Foundation says in its report released Monday.
June 15, 2020
TRANSPORTATION
Coronavirus derails MBTA finances, report says deficit to hit $400 million by FY22
“Even before the pandemic hit, the MBTA’s operating costs jumped by 5.3%, a five-fold increase over previous years. Combine that steep rise in expenses with a $240 million loss in fare revenues due to the pandemic, and the T’s balanced budget has gone off the rails,” the Massachusetts Taxpayers Foundation says in its report released Monday.
