Massachusetts Plans $8 Billion Transit Overhaul Without Adding Taxes
Massachusetts is set to pump $8 billion into improving trains, buses, and roads over the next decade – without hitting residents with new taxes. The money will come from existing state funds and the Fair Share Amendment.
The Fair Share program will funnel $857 million directly into public transit improvements next year. The MBTA’s budget is set to double, helping cover a huge $900 million gap in their budget.
Transportation Secretary Monica Tibbits-Nutt was direct about the situation. “Swift action is needed to pull the MBTA out of a deficit that otherwise will lead to devastating consequences for riders and communities,” Reggie Ramos told Commonwealth Beacon.
The state is earmarking $1.4 billion for new trains and rail cars. They’ll spend $2.5 billion fixing roads and bridges across Massachusetts. Local communities will receive $300 million yearly for five years to repair streets and add new sidewalks.
A significant portion – $615 million – will go toward revamping the area around the Mass Pike in Allston. Additional funding includes $335 million from federal sources, plus $300 million split between Boston and Harvard University.
The proposal clears the MBTA’s $89 million debt and supports a new east-west rail connection.
The plan calls for increased train and bus service while upgrading stations. These improvements address longstanding issues that have frustrated riders since the 1990s.
The Massachusetts Taxpayers Foundation supports the plan since it uses Fair Share Amendment funds instead of requiring additional taxes.
Though local officials support the initiative, it still needs state approval before moving forward.
