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The MBTA is bankrupt; it has over 5 Billion dollars in debt. The transit fare for the subway is the same as NYC but in Boston we don't get 24 hour service, nor
by dantheman 17y ago
The MBTA is bankrupt; it has over 5 Billion dollars in debt. The transit fare for the subway is the same as NYC but in Boston we don't get 24 hour service, nor the scope of service.
- ajross 17y agoAnd yet the MBTA employees are being, y'know, paid. It's in debt because of infrastructure investment. And the proposal in the linked article is to subsidize that investment. I don't see how your point does anything but support the linked article.
- dantheman 17y agoThe majority of the MBTA budget is paid for by sales taxes. It has $1,037M for operating expenses. Revenue Sources: State Sales Tax $756M Fares $430M Municipal Assessments $143M Parking, Real Estate Tenants, etc. $37.4M Real Estate Sales and Misc. $20.8M Advertising $11.0M Federal government $8.0M Interest $3.8M Utility reimbursement from tenants $2.8M Total $1,413M http://en.wikipedia.org/wiki/Massachusetts_Bay_Transportation_Authority#Fares_and_fare_collection http://en.wikipedia.org/wiki/Massachusetts_Bay_Transportatio...