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MBTA plans to drain savings to boost spending


MBTA Plans To Drain Savings To Boost Spending | Public Transit

MBTA officials are eyeing a $3 billion budget for the next year that would drain a final tranche of savings to ramp up spending despite a ...

'Terrible options' if T budget isn't straightened out, watchdog says

... towns that help fund the system warned, as the MBTA moves ahead with a budget plan that drains its reserves in the face of a looming deficit.

MBTA fueling hiring blitz with first $3B budget - NBC Boston

MBTA overseers stamped unanimous approval Tuesday on the agency's first budget to surpass $3 billion, embracing a plan that drains savings in a bid to expand ...

MBTA plans to drain savings to boost spending - Ground News

BOSTON — MBTA officials are eyeing a $3 billion budget for the next year that would drain a final tranche of savings to ramp up spending despite a ...

Boston's MBTA faces 700 million dollars budget deficit in 2026, may ...

Massachusetts has a history of neglecting funding for public transportation in the state and therefore the MBTA will have no way to pay the debt ...

MBTA remains without full funding as board passes new budgets

The MBTA's board of directors unanimously approved a budget Tuesday of $3 billion for the upcoming fiscal year that requires, ...

MBTA solicits menu of revenue-raising ideas - NBC Boston

Beacon Hill is set to increase state budget funding for the MBTA in the fiscal year that starts July 1, but even with the added support, T ...

MBTA Fueling Hiring Blitz With First $3 Billion Budget | Public Transit

... drain the agency's savings, setting up a major funding gap that is. ... The MBTA Board gave the green light to a fiscal year 2025 plan that boosts ...

Watchdog: 'Terrible options' If T budget isn't straightened out

... budget plan that drains its reserves in the face of a looming deficit. ... Read More: How the MBTA's $3B budget drains savings to boost spending.

MBTA Board Chair Thomas Glynn stepping down Nov. 1 - WBUR

The T is draining its reserves to boost spending this fiscal year, and faces a budget shortfall of roughly $700 million in the next fiscal ...

The MBTA's failing funding structure and its origins - Act On Mass

With the addition of billions of dollars of debt and the elimination of state-funded reimbursements for additional costs, the MBTA found itself ...

T board approves $2.72B budget amid financial woes and ... - WBUR

By the start of fiscal 2025, the MBTA is "going to need more money" beyond what the Massachusetts Legislature Hill already appropriated to ...

Forging Ahead - MBTA

Due to an infusion of federal funding, as of April 2021, the MBTA is able to begin bringing service back to 100% pre-pandemic levels.

Big MBTA funding boost planned in Mass. House budget - WGBH

Their budget bill will seek a total of $555 million for the MBTA, which House Speaker Ron Mariano's office said represents “the largest investment in the MBTA.

Healey's 2024 vision includes spending more on MBTA, education

The fiscal year 2024 state budget steered a $187 million operating transfer to the MBTA, which also receives significant funding from a ...

MBTA fare hikes pushed off to 2019 | Worcester Business Journal

At $13 million, the increase in the T's planned spending on debt service interest alone nearly rivals its planned increase in non-debt operating expenses.

Chapter 4—Funding the Transportation Network - Boston Region MPO

Capital resources available to the MBTA are projected to amount to more than $10.3 billion during the life of this plan (approximately $9.1 billion in aid ...

Budget Overview - The MBTA Advisory Board

MBTA FY2004 Operating Budget Increase Request ... projects as savings of $5.0 million. The $3.1 ... costs and is an inexcusable drain on both the budget and service ...

Globe Opinion: No Need for MBTA Spending Hikes

In October, ridership was at 26 percent of its October 2019 level. Furthermore, the T is projecting that by July 2021 ridership will be just 55 ...

Should the MBTA be free? - CommonWealth Beacon

Annual Operating Budget, including debt service (FY24): $2.7 billion (+33 percent over FY19) · 5-Year Capital Budget Plan (FY24-28): $9.7 billion ...