MBTA, highway system face vast budget deficits
The Boston Globe - 11/20/2012
Just months after the MBTA raised fares, the T faces a $130 million deficit for the next budget year, according to an analysis released Monday by a regional think tank.
But that daunting financial gap is eclipsed by a $240 million shortfall to operate the highway system, the study concluded.
The budget analysis, conducted by the Dukakis Center for Urban and Regional Policy at Northeastern University, does not include money to address a vast and growing backlog of repair and replacement needs for everything from rail cars to bridge abutments or to improve transportation across the Commonwealth. The analysis merely reflects the cost of running the system as is and suggests that tax increases, fare hikes, or cuts could be on the horizon.