Thursday, June 14, 2012

House Passes Transportation Financing Bill

Yesterday I joined my colleagues in the House in passing legislation that closes the MBTA’s gap for the upcoming fiscal year and provides vital assistance to the regional transit authorities.

This legislation first transfers $1.5 million in excess snow and ice removal funds to the regional transit authorities as supplemental assistance and also authorizes a one-time transfer of a total of $51 million from the Motor Vehicle Inspection Trust Fund to the MBTA and to the regional transit authorities, such as the Lowell Regional Transit Authority, for preventative maintenance expenses. This bill also increases fare evasion fines, which will provide additional aid to the transportation system. These funds will allow the MBTA to have a balanced budget for the next fiscal year.

No comments:

Post a Comment