BOSTON (AP) — An analysis by a regional think tank says the state’s highway system faces a $240 million operating shortfall for the next fiscal year, while the MBTA is facing a $130 million deficit.
The budget analysis released Monday by the Dukakis Center for Urban and Regional Policy at Northeastern University does not include money to address a backlog of repair and replacement needs or to improve transportation.
The Boston Globe reports 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.
The center released the figures as part of an analysis attempting to establish statistical benchmarks to gauge the financial state of the transportation system and to grade it on accessibility, infrastructure health, and regional equity.
This has to be a joke. How could they be losing money when they pay every employee at least 100,000 plus pensions and medical benefits greater than what they received when they were working. Management bonuses should double for the great job they they continue to do.