MBTA officials warn of growing budget deficit
Sep. 09, 2015
BOSTON (AP) — MBTA officials say the Boston-area transit system could face an ever-increasing operational deficit without a plan to control expenses and boost revenues.
Frank DePaola, general manager of the Massachusetts Bay Transportation Authority, and chief administrator Brian Shortsleeve briefed reporters Wednesday on budget projections before a meeting of the state's transportation board.
They said the structural deficit in the current fiscal year was $170 million, erased only by a $187 million infusion of state funding. By 2020, they predicted the gap would climb to $427 million without additional state subsidies.
The officials said MBTA ridership and revenue has been flat in recent years while operating expenses continue to climb.
They said the T's newly-formed fiscal control board would make recommendations for closing the deficit by the end of the year.