News > Transportation Faces Significant Financial Problems

At a recent Transportation Advisory Council (TAC) meeting, the Chair of the Finance Subcommittee stated that despite the progress and cost control arising out of the Transportation Reform Legislation, transportation faces significant financial problems in the near future and long term. Stephen J. Silveira outlined the growth in the backlog in critical MBTA projects as now exceeding $4.5 billion and the needs for roads and bridges as exceeding $11.3 billion. Even today, after long efforts to collect information on the state of our infrastructure, we do not really have a solid understanding to the shape of the local road funded under Chapter 90 so the shortfall in local road and bridge is still unknown. Most experts agree that States will see significant reductions in the funding received from the Federal Government for transportation. In Massachusetts, that cut could reach 30%.

October 14, 2011 | Registered CommenterPaul Regan

I have a great deal more information on this subject, including the file of the powerpoint presentation that went to the TAC. Contact me if you would like a copy emailed to you. pregan@mbtaadvisoryboard.org

October 14, 2011 | Unregistered CommenterPaul Regan

Well, like most Americans, people do not have money in their banking account for additional small emergencies. It's hard to cope up with such increase. I guess, it is very important to have cash available to you right away. Either way, you have access to fast cash. Occasionally, a large crisis is something you could have to pay for right away but do not always has the money stocked away for. And repaying a loan is difficult to do all at once, particularly if you took out a large chunk for some sort of financial emergency.

March 21, 2012 | Unregistered Commenterhanahreese