“…Members of the governor’s transportation funding task force spent the last year assessing the intense cash flow needs for transit systems across the state and prodding delicately at the idea that existing revenue streams might not be enough to completely save those systems.
Ultimately, they concluded that relying largely on the bigger-than-anticipated receipts from the Fair Share Amendment, or millionaires tax, could retire the MBTA’s legacy debt, fully fund operations for the next two years, and set the T on a functional capital path for the next decade.
‘It’s a big deal, and if it works, it’ll be transformational, at least in the very short term,’ said Brian Kane, executive director of the MBTA Advisory Board and a member of the task force, on The Horse Race podcast after the task force’s report dropped on Tuesday…”
By Jennifer Smith | 1/16/25