[Street] MBTA fare and Service Changes
Reed
fb at occupyboston.org
Tue Jan 10 22:04:54 EST 2012
It's likely that everybody on the list has read "Born Broke", the MBTA
Advisory Board's run-down of the MBTA funding situation, but
in case anybody hasn't and is interested it's enlightening:
http://mbta.com/uploadedfiles/Documents/Financials/Born_Broke.pdf
It gives more detail on the Forward Funding arrangement initiated in
2000 which earmarked 20% of state sales tax revenue and transferred
$3.3 billion in state debt to the MBTA and concludes:
"The fairest, most equitable and fiscally
prudent step the Commonwealth could
take to make the T whole for next year
and for years to come would be to take
back its $3.3 billion in debt. Such an
action would save the MBTA hundreds
of millions of dollars in annual debt
service costs and free up financial
resources to operate the system and
reduce the backlog of maintenance
needs. Most importantly, it would make
the T whole in FY10 and for many,
years to come."
The document says that about half of the MBTA's projected deficits
can be attributed to "increased debt service payments".
Can anybody speak to this? Is it an accurate, honest assessment?
Cheers,
R.
On Wed, Jan 11, 2012 at 01:56:09AM +0000, Nicole Sullivan wrote:
> Thanks for posting it! I was working on a spreadsheet with this info before the GA clusterfuck and then it kind of fell by the wayside.
>
>
> Sent from my Verizon Wireless BlackBerry
>
> -----Original Message-----
> From: Eli Cohen <elcoh002 at mail.goucher.edu>
> Date: Wed, 11 Jan 2012 01:52:02
> To: <lindajenkins177 at yahoo.com>
> Cc: <street at lists.occupyboston.org>
> Subject: Re: [Street] MBTA fare and Service Changes
>
> The info Daniel shared came from the MBTA's informational packet, which can be found here:
>
> http://www.mbta.com/about_the_mbta/?id=23567
>
> It includes the history, their reasoning for the cuts/fare hikes, the details of the two proposals, and the list of community meeting dates/locations. Worth thumbing through, and basically lays out the information in as succinct a way as you can, with that many numbers to deal with. I may not like what the MBTA is doing, but props to whoever they hired to do brochure layout :-)
>
> For those of you not interested in the details, the big picture is this: "proposal 1" has more fare increases and less service cuts, "proposal 2" has more service cuts and less fare increases. They're giving us the illusion of choice by letting the public choose which terrible option is less terrible, but from what I heard at tonight's meeting in Somerville, our message is "none of the above." More detailed report-back on that later.
>
>
> On Tue, Jan 10, 2012 at 6:18 PM, Linda Jenkins <lindajenkins177 at yahoo.com <mailto:lindajenkins177 at yahoo.com> > wrote:
> Very helpful-and not a little frightening, actually.
> Linda
>
> Sent on the fly.
>
>
>
> On Jan 10, 2012, at 5:24 PM, Daniel Mc <danielm at occupyboston.org <mailto:danielm at occupyboston.org> > wrote:
>
> > Hi All,
> >
> > Wanted to send this along so we have a better understanding of what the MBTA itself will be doing in the coming weeks.
> >
> > It would be great to have a presence at the public hearings that they hold and also to better educate ourselves on exactly what is being done. Some info below.
> >
> >
> > Best,
> > --
> > Daniel.
> > Occupy Boston Outreach Committee
> > **Use this email for all things occupy**
> >
> >
> >
> >
> >
> > ----- Forwarded message from maochoa99 at yahoo.com <mailto:maochoa99 at yahoo.com> -----
> > Date: Mon, 9 Jan 2012 11:08:48 -0800 (PST)
> > From: Michael Ochoa <maochoa99 at yahoo.com <mailto:maochoa99 at yahoo.com> >
> > Reply-To: Michael Ochoa <maochoa99 at yahoo.com <mailto:maochoa99 at yahoo.com> >
> > Subject: MBTA fare and Service Changes
> > To: "danielm at occupyboston.org <mailto:danielm at occupyboston.org> " <danielm at occupyboston.org <mailto:danielm at occupyboston.org> >
> >
> > The T will conduct over 20 public hearings on fare hike proposals.
> >
> > Proposed fares based on type of pass (Type;proposed;current;%change)
> > Local Bus $55.00 $40.00 37.5%
> > LinkPass $80.00 $59.00 35.6%
> > Senior/TAP LinkPass $40.00 $20.00 100.0%
> > Student LinkPass $40.00 $20.00 100.0%
> > 1-Day LinkPass $12.00 $9.00 33.3%
> > 7-Day LinkPass $20.00 $15.00 33.3%
> > Inner Express $127.00 $89.00 42.7%
> >
> >
> > Proposal 2:Local Bus $2.00 $1.50 33.3%
> > Rapid Transit $3.00 $2.00 50.0%
> > Inner Express Bus $4.50 $3.50 28.6%
> > Outer Express Bus N/A $5.00 N/A
> >
> > Public Meetings in Greater Boston:
> >
> > January 17, Tuesday Newton 5:30-7:30 PM Newton City Hall 1000 Commonwealth Avenue
> > January 18, Wednesday Chelsea 6:00-8:00 PM Public Library, Auditorium 569 Broadway
> > January 19, Thursday Boston (Roxbury) 6:00-8:00 PM Roxbury Community College Auditorium
> > 1234 Columbus Avenue
> >
> > January 23, Monday Boston 1:00-3:00 PM
> > 4:30-6:30 PM Transportation Building, Floor 2 Conference Rooms 2, 3 10 Park Plaza
> >
> > January 31, Tuesday Boston (Mattapan) 6:00-8:00 PM Mildred Avenue Community Center 5 Mildred Avenue
> >
> > February 1, Wednesday Jamaica Plain 6:00-8:00 PM Hennigan Community Center, Cafeteria
> > 200 Heath Street
> > February 2, Thursday Boston (Dorchester) 1:00-3:00 PM and
> > 6:00-8:00 PM Dorchester House Multi-Service Center 1353 Dorchester Avenue
> >
> > February 7, Tuesday Lynn 6:00-8:00 PM City Council Chambers 3 City Hall Square
> >
> > February 8, Wednesday Boston (West End) 4:30-6:30 PM Shriners Hospital Auditorium 51 Blossom Street
> > February 13, Monday Boston (South Station area) 6:00-8:00 PM Boston Public Library Boston Room
> > 700 Boylston Street
> >
> > February 15, Wednesday Quincy 6:00-8:00 PM Thomas Crane Public Library 40 Washington Street
> > February 16, Thursday Malden 6:00-8:00 PM City Council Chambers 200 Pleasant Street
> > February 28, Tuesday Somerville 6:00-8:00 PM High School Auditorium 81 Highland Avenue
> > February 29, Wednesday Cambridge 6:00-8:00 PM Citywide Senior Center
> > 806 Massachusetts Avenue
> >
> > March 1, Thursday Waltham 6:00-8:00 PM Government Center Auditorium
> > 119 School Street
> >
> > Causes according to MBTA:The Authority's operating costs for energy, fuel, and health care have continued to rise, and costs for THE RIDE service have
> > grown by nearly 400% over the last decade. While THE RIDE's operating costs have increased over the past 10 years, the
> > primary cost increase has been due to exponential growth in ridership on that service.
> >
> > 2. The T is financially burdened with principal and interest payments on $5.2 billion in debt that consume nearly 30% of its annual
> > operating budget.
> >
> > 3. Since 2000, the T's primary source of funding (a 20% share of statewide sales tax receipts) has not produced the steadily
> > increasing revenue stream originally projected.
> >
> > ----- End forwarded message -----
> >
> >
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