June 09, 2022

MBTA, facing grave financial crisis, avoids fiscal cliff for another year using one-time federal funds

Taylor Dolven ,

The Boston Globe

Last year, the business-backed Massachusetts Taxpayers Foundation warned of the T’s revenue shortfall in years to come. MTF’s Vice President for Policy and Research Andrew Bagley, who authored the report on T finances, said the T either has to find necessary revenues to support its operations or the agency will be forced to reduce service.

“The T has managed its operating budget remarkably well to this point,” he said in a statement. “But if remote or hybrid work persists as expected, operating costs to provide safe and reliable service will far outpace revenues making a crisis in the next 18-24 months inevitable.”