The MBTA faces "existential" long-term budget challenges as the pandemic's impact on revenue exacerbates existing trends, a fiscal watchdog group warned in a new report. By fiscal year 2022, the T could have an operating budget deficit of more than $400 million, according to a new analysis released by the Massachusetts Taxpayers Foundation. Spending and revenue patterns could reach the same "severe imbalance" that a special panel first flagged in 2015, the foundation said.
June 16, 2020
TRANSPORTATION
MBTA Careening Toward Another Fiscal Crisis: Report
The MBTA faces "existential" long-term budget challenges as the pandemic's impact on revenue exacerbates existing trends, a fiscal watchdog group warned in a new report. By fiscal year 2022, the T could have an operating budget deficit of more than $400 million, according to a new analysis released by the Massachusetts Taxpayers Foundation. Spending and revenue patterns could reach the same "severe imbalance" that a special panel first flagged in 2015, the foundation said.
