
As T’s Fiscal Cliff Looms, Municipalities Call for More Funding
The MBTA’s oversight board received a stark warning Thursday morning: Without more state transit funding, plans to build thousands of new homes near train stations will be in peril.
The MBTA’s oversight board received a stark warning Thursday morning: Without more state transit funding, plans to build thousands of new homes near train stations will be in peril.
Transit advocates are giving Gov. Charlie Baker’s belated picks for the MBTA’s new board generally positive marks while sounding a note of caution about the tasks ahead.
The MBTA overestimated its budget deficit and could erase its argument for a controversial package of service cuts by using a less conservative outlook, according to an independent oversight panel
Although the MBTA’s Fiscal and Management Control Board unanimously approved the authority’s $2.1 billion budget Monday, members renewed calls for new forms of transportation revenue after warnings from an outside review group about the T’s finances.
Despite steady progress toward achieving most of its goals for improvement, the MBTA is lagging on several infrastructure- and customer-related benchmarks outlined two years ago in its strategic plan, according to the first in-depth review of that plan.