MBTA Could Face a Deficit Up to $421 Million By 2024

South Africa News News

MBTA Could Face a Deficit Up to $421 Million By 2024
South Africa Latest News,South Africa Headlines
  • 📰 NECN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

MBTA CFO Mary Ann O'Hara attributed the performance to several factors, including robust state sales tax collections that steered more money to the T and better-than-expected fare revenues, which still remain well below pre-pandemic levels.

Some of the boost has a downside, though: O'Hara said a major factor behind the below-budget spending was"lower wages and fringe benefits due to vacancies and slower hiring than anticipated" while the T grapples with staffing shortages that create service and safety headaches.

The MBTA says that it has finished 59% of planned work on the Orange Line and is on track to finish during the 30-day shutdown. MBTA General Manager Steve Poftak previously projected the FTA's initial batch of findings published in June would require more than $300 million in spending, and O'Hara said officials are still trying to get a grasp on the financial implications of the final report.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NECN /  🏆 20. in UK

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Orange Line Work 96% Done, MBTA SaysOrange Line Work 96% Done, MBTA SaysThe end of the Orange Line shutdown is almost here and on Friday the MBTA said the work was 96% complete. In a video update posted Friday, the MBTA said it had 96% of the planned work complete and was also able to take advantage of the service stoppage to do some “opportunity” projects. The shutdown is scheduled to end…
Read more »

Orange Line Work 96% Done, MBTA SaysOrange Line Work 96% Done, MBTA SaysThe end of the Orange Line shutdown is almost here and on Friday the MBTA said the work was 96% complete. In a video update posted Friday, the MBTA said it had 96% of the planned work complete and was also able to take advantage of the service stoppage to do some “opportunity” projects. The shutdown is scheduled to end…
Read more »

Snow White remake and Lion King prequel confirmed for 2024Snow White remake and Lion King prequel confirmed for 2024Disney has confirmed the 2024 release dates for SnowWhite, Inside Out 2, The Lion King prequel and more:
Read more »

If His Migrant Stunt Helps DeSantis in 2024, What Does That Say About America?If His Migrant Stunt Helps DeSantis in 2024, What Does That Say About America?'The Florida governor's ploy reeks of exploitation, with victims that were the least equipped to resist,' writes Philip_Elliott
Read more »

How to raise a happy little eaterHow to raise a happy little eaterBaby nutritionist Charlotte Stirling-Reed shares how to support your child to enjoy food and mealtimes, through all of the ups and downs.
Read more »



Render Time: 2025-04-05 04:28:21