T Board Backs $2.72B Budget Featuring 644 New Safety Jobs bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
By the start of fiscal 2025, the MBTA is "going to need more money" beyond what the Massachusetts Legislature Hill already appropriated to continue addressing the agency's safety problems, said the T's chief financial officer. That same year, the last batch of pandemic-era federal aid will be exhausted, leaving the agency to tackle balancing its budget.
MBTA officials warned of a “sobering” financial outlook for the agency but voted Thursday to jack up spending by nearly 7 percent in a $2.72 billion annual.