Mass Bay Transport Authority Faces Big Deficit, Shortfall

November 20, 2012

The Massachusetts Bay Transportation Authority faces a $130 million deficit for its next budget year, despite a recent fare increase, according to an analysis by the Dukakis Center for Urban and Regional Policy at Northeastern University.

There's more bad news in the study, reports The Boston Globe: the deficit is eclipsed by a $240 million shortfall just to operate the highway system.

The budget analysis does not include money to address repair and replacement needs, but only reflects the cost of running the system "as is." It says that tax increases, additional fare hikes, or cuts could be on the horizon.