Compiled by The Bedford Citizen
In a series of unanimous votes on March 7, 2016 the MBTA’s Fiscal and Management Control Board (FMCB) approved a system of fare changes that will go into effect tomorrow, July 1. You might want to think of your new out-of-pocket expense as an investment in the future of the transit system.
According to the MBTA’s website, the fare increase vote directs that “all increased fare revenue [will go] into a lock box to fund investment in capital improvements that will deliver short term improvements to the riding public.”
The FMCB will control the lock box, and use of its funds for any but the original purpose will require a 2/3 vote of the board. It is estimated that “Lock box funds will total approximately $43M in FY17 and $25 million from FY16 operating budget savings,” according to the MBTA.
The new fares will remain in effect for two-and-a-half years, until December 31, 2018.
While the overall system-wide average increase is approximately 9.3%, some of the changes will reduce fares and costs for certain services.
For additional information:
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