MBTA proposes raising fares 33 percent, making cuts to close $120 million budget gap

MBTA facing a $120 million budget gap in fiscal year 2014. PHOTO CREDIT: NICOLAUS CZARNECKI/METRO
MBTA facing a $120 million budget gap in fiscal year 2014. PHOTO CREDIT: NICOLAUS CZARNECKI/METRO

Transit officials said at a finance meeting today that fare-only budget solutions at the MBTA would require T riders to pay 33 percent more for service.

Additional fare increases and service reductions will be required at the MBTA unless state legislators approve additional funding for the MBTA, transit officials said today.

In July 2012, the MBTA hiked up fares and accepted a state bailout, but today T officials said they are still facing a $120 million gap in the budget year that starts July 1.

MBTA Chief Financial Officer Jonathan Davis and Charles Planck today presented a MassDOT committee with options that would close the budget gap, including a fare-only solution that would require a 33 percent increase, raising the cost of a bus ride from $1.50 to $2, and the cost of a subway ride from $2 to $2.60.

The most cost effective service reduction, according to Planck, would be to eliminate the 30 least used weekday and weekend bus routes and subsidies for six municipally run bus routes. Those bus service reductions would net the MBTA $25.2 million.

Davis said eliminating the $120 million deficit without fare increases or service cuts is “not going to be possible through cost containment or additional revenue sources that we have control of.”

House Speaker Robert DeLeo has identified funding for the MBTA and funding to help remove state employees from the capital budget as problems that must be addressed in transportation financing legislation this year.

Gov. Deval Patrick in January placed before the Legislature a plan to generate $1.9 billion in new tax revenues and steer those new monies into the public education and transportation systems. Lawmakers are working on their response to Patrick’s proposal, with the House Ways and Means Committee budget rewrite due out April 10.


News
Entertainment
Sports
Lifestyle
Local

Memorial held for Sean Collier, MIT police officer…

More than 1,600 people gathered at MIT on Friday for a memorial service for Sean Collier, the police officer shot to death a year ago in the aftermath of the…

National

Florida man charged with murdering son to play…

A Florida man annoyed that his 16-month-old crying son was preventing him from playing video games suffocated the toddler, police said on Friday.

International

Powerful 7.2 magnitude earthquake rattles Mexico

A powerful earthquake struck Mexico Friday, shaking buildings and sending people running into the street, although there were no reports of major damage.

News

OMG! Exercise can make skin (and butt) look…

A moderate exercise regime can turn back time and actually reverse the skin's aging process, according to new research. The study showed that a minimum…

Entertainment

Whoopi Goldberg makes her debut as marijuana columnist

"It helps my head stop hurting, and with glaucoma your eyes ache, and she takes the ache out. It's wonderful," she said.

The Word

Kate Middleton made fun of Prince William's bald…

Kate Middleton and Prince William are in Sydney, Australia, right now, and it sounds like that brash Aussie sense of humor might be rubbing off.

The Word

Is Tom Cruise dating Laura Prepon?

"Mission: Impossible" star Cruise is said to be dating Laura Prepon, star of "Orange is the New Black."

Television

'Scandal' recap: Season 3, Episode 18, 'The Price…

Sally is Jesus, Olivia caused global warming, and Mellie's still drunk. Let's recap the Scandal finale. A church full of Washington insiders is about to…

MLB

MLB video highlights: Red Sox defeat Orioles, 4-2

Brock Holt the difference in the Red Sox' win

NHL

NHL video highlights & analysis: Red Wings dump…

NHL video highlights & analysis: Red Wings dump Bruins in Game 1

MLB

MLB video highlights: Orioles top Red Sox, 8-4…

John Lackey roughed up for second straight outing

MLB

MLB video highlights: Red Sox score two in…

Lester shines in Red Sox win over White Sox

Parenting

How to parent without gender stereotypes in a…

Christia Spears Brown, Phd. author of "Parenting beyond Pink & Blue" gives advice on raising kids free of gender stereotypes.

Tech

VIDEO: 'Vein-scanning' may become the future of paying

Designed to make transactions quicker and easier, the technology works by scanning the unique vein patterns in each person's palm.

Tech

#FollowFriday: 10 of the smartest Twitter accounts

Spending lots of time on Twitter? You might as well learn something. Here are some of the smartest accounts to follow.

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.