Related to TRANSPORTATION
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Sep 23, 2021
Event
Sep 23, 2021
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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…
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Sep 17, 2021
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Sep 17, 2021
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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…
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Sep 17, 2021
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Sep 17, 2021
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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…
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Sep 17, 2021
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Sep 17, 2021
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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…
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Sep 16, 2021
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Sep 16, 2021
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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…
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Sep 16, 2021
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Sep 16, 2021
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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…
News Item
Sep 16, 2021
Publication
Sep 16, 2021
Publication
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…
Publication
Mar 08, 2021
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Mar 08, 2021
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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…
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Nov 10, 2020
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Nov 10, 2020
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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…
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Oct 05, 2020
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Oct 05, 2020
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Aiello, the chair of the control board, said he was concerned about the high level of borrowing by the MBTA for capital projects, which shows up on the transit authority’s operating budget as debt service. “This is shooting up at a rate that is worrisome,” he said, inviting officials from the…
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