bierhere wrote:So, is the argument that forward funding is correct, just not how the funds are currently allocated under this method? Or do we truly believe that the MBTA should present a bill at the end of the year to the legislature?
The funds are correctly allocated, what isn't correctly allocated is the understanding of how the T is funded. The T can never present a bill to the legislature as it can not run over budget- it has to raise fares or get some kind of bond to cover the expenses. Why do you think the T kept a solid base fare through the 90's while the economy was great and why do you think the T has had to raise the base fare TWICE in the last five years when sales are way down? The legislature can't bail the T out, the T has to bail itself out.
And as an FYI, capital improvements(re: new cars and buses) comes out of bonds that the T has to pay for over time and not out of the general budget. That's how the T manages to buy new buses every 5-7 years and how it managed to replace the whole Orange and Blue Line fleet 25 years ago and buy all the new LRVs over the past 30 years. We only pay a small amount over time and the amount is purposely scattered so as to not interfere with the basic operations of the T. Wouldn't surprise me if all those ads we see everywhere end up paying for all the buses the T bought.