MBTA’s Money Woes Compound Weather Woes

BOSTON (CBS) – It certainly has not been a banner week for the MBTA. Delays caused by equipment breakdowns from the snow and cold temperatures left passengers waiting for trains and buses.

But there is more to the T’s woes than the weather.

Jason Schwartz, associate editor of Boston Magazine writes in the current issue that the MBTA is way behind on repair projects, and they are not spending enough to maintain the system.

“The T, by its own admission, is $3 billion behind on state of good repair projects,” Schwartz told WBZ NewsRadio’s Dan Rea on Nightside Thursday night. “That means just fixing all the things that need fixing to get the system up to par.”

WBZ NewsRadio 1030’s Don Huff reports

The T’s General Manager, Richard Davey said they are looking for new revenues, but adds they are carrying more than $8 billion in debt.

“Unfortunately the money that we take in each year, we do have to dedicate a larger portion of that to debt service than any other transit agency,” Davey said.

Fare hikes are off the table for at least 18 months, according to Davey. He also said the MBTA has no plans to file for bankruptcy.

  • Jeff Kingston

    This has been an issue here forever……the MBTA is a place like Probation and several other State agencies, that is a place for political patronage. For that reason alone the agency got itself into severe financial trouble due to incompetent management. Rather than correct the problem and place true transportation professionals in charge, the State simply ignored the problem. Once the agency was out as a direct part of the budget, and given independent status, like all other “Problems” was left to dry in the wind.
    The T is in trouble because the State Government once again shirked its responsibilities and “kicked another can” down the road for someone else to clean up. Beacon Hill criminals at their best.

  • taxedout

    Privatize this DOG!!!

    • Cynic

      Taxedout… I said it somewhere here before,I don’t remember where> anyway the T was private once. It was called The Boston Elevated Street Railway Company ( The El)….It went belly up so the MTA was created to replace it. Why not make the T free,Pay for it with taxes and run it 24 hours a day. Why not? Thats how our Highways operate.

  • taxedout

    How about cutting the over priced help, pensions, bennies and put that money to fixing the system???? How long ago was the T called the Boston Elevated System??? As for paying it with Taxes, have you been on our highway’s lately??? Don’t even think about giving the idiots in charge another way to Tax us!!!

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