“…The MBTA’s funding woes are set to deepen, driven by a slow ridership recovery and debt inherited from past investments like the Big Dig — the most expensive highway project in the US.
‘The T was born broke and it remains broke,’ said Brian Kane, executive director of the MBTA Advisory Board in a July presentation. ‘The deficits that the T faces are existential, and I would argue that you cannot make the service cuts or make the number of layoffs required to solve a $700 million deficit, let alone one that’s greater.’
By fiscal 2029, the budget shortfall will swell to almost $900 million…”
08/14/24 | By Sri Taylor