State Budget Cuts $115M In MBTA Funding

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State Budget Cuts $115M In MBTA Funding

Postby NH2060 » Sun Jul 14, 2013 6:29 pm

Looks like more service cuts and fare increases will be only a matter of time unless a resolution can be reached.
http://bostonherald.com/news_opinion/lo ... mbta_funds
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Re: State Budget Cuts $115M In MBTA Funding

Postby TomNelligan » Sun Jul 14, 2013 7:27 pm

It's just posturing while Deval and the legislature argue about how much our taxes are going up. In the end it will all be resolved, and of course we'll be paying more since that's the Massachusetts way.
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Re: State Budget Cuts $115M In MBTA Funding

Postby MBTA1016 » Sun Jul 14, 2013 10:32 pm

Completely agree with u Tom. Our politicians take to long to fight over the budget and our taxes go up even when they figure something out.
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Re: State Budget Cuts $115M In MBTA Funding

Postby B&M 1227 » Mon Jul 15, 2013 1:51 am

I once met a man on a bus who had worked with MBTA financials from the 1970s-1990s. He said the system could have been solvent within a few years with their assets, many carried over from BERy days. In a budget crunch these assets were sold to prevent a tax increase. While it postponed a tax increase, the MBTA has had much less revenue ever since, and taxpayers have footed that bill ever since. Pointing fingers at the dummy on the podium isn't going to change anything. If you want the system to hemorrhage less money, you have to give it more money first(and you definitely, definitely don't want to ditch long-term revenue properties to save a short-term penny). Regardless, it will be sad to see the service cuts if they happen.
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Re: State Budget Cuts $115M In MBTA Funding

Postby wicked » Mon Jul 15, 2013 10:17 am

Hard to hammer the T alone for selling off assets in the 1990s. That was the Massachusetts way then, and it's part of the reason the state got out of a financial nadir quickly (but rather shortsighted).
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Re: State Budget Cuts $115M In MBTA Funding

Postby Arlington » Thu Jul 25, 2013 10:21 am

The MA Legislature has overridden the Gov's veto (His Excellency wanted more taxes and more spending), so what are we getting for our 3c/gal and cig taxes? Will it be enough to show the GLX is a sound enough project for New Starts?
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