“…Kane said the authority’s borrowing has become more standardized and more disciplined in the last
decade. The MBTA has used financing instruments — like swaps and derivatives — in the past, Kane
said, but it’s mostly moved away from those deals. This deal includes the MBTA’s first tender.“As a public organization with a board of directors appointed by political representatives, there’s a
certain hesitancy to get too complicated, and I think that’s fair,” Kane said. “With that said, the system
they sort of have now, where they sell these bonds on the market and repay them over 30 years,
works. I don’t see a real reason to change it.”The MBTA’s borrowing has increased from around $337 million of sales tax and assessment bonds in
2016 to more than $1 billion last year…”
By Christina Baker | 7/6/2026