Fare hikes and service cuts are a few options T officials proposed in an effort to close the $130 million budget deficit in 2014.
MBTA officials have proposed service cuts and fare increases if there is no increase in funding, based on a $130 projected budget deficit in fiscal year 2014. Director of Strategic Initiatives for the MBTA Charles Planck said at a MBTA finance committee meeting that in order to close the budget gap, T fares would need to go up 33 percent, which means subway fares would move up from $2 to $2.60, the Boston Globe reported Wednesday. There was also talk at the meeting of a 15 percent fare increase coupled with the possible elimination of up to 30 bus routes, according to the Globe. Gov. Deval Patrick unveiled an ambitious transportation plan in February that would potentially raise $1.02 billion per year for the next 10 years, some of which…
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The board of the Massachusetts Department of Transportation released its 21st Century Transportation Plan, which outlines the state’s budgetary needs over the course of the next 10 years and beyond.
With a debt-ridden public transporation system needing repairs, the state will likely need to increase revenue from car registrations, license renewals, taxes and tolls, according to a new report. The Board of the Massachusetts Department of Transportation released its 21st Century Transportation Plan on Monday, Jan. 14 which calls for a $13 billion overall investment in state transportations systems over the next decade. Included in the report are several ideas to pay for public transportation needs including an increase in the vehicle registration fee by $53 to $103, an increase in the vehicle inspection fee by $19 to $48, boosting the state sales tax from 6.25 percent to 7.75 percent, increasing the gas tax by 30 cents per gallon to 51…
8:26 am on Friday, January 18, 2013
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Rob
1:01 pm on Thursday, March 7, 2013
The new GM did a wonderful job of bankrupting the last transit authority she ran. Good job Deval so obvious it's sickening. more ›