Transit Needs $13B Investment Over Next Decade
The board of the Massachusetts Department of Transportation released its 21st Century Transportation Plan, which outlines the state’s budgetary needs over the course of the next 10 years and beyond.
With infrastructure in need of repairs and the major city transit system steeped in billions of dollars of debt, the state may need to increase revenue from car registrations, license renewals, taxes and tolls. The Board of the Massachusetts Department of Transportation released its 21st Century Transportation Plan on Monday, which calls for a $13 billion overall investment in state transportations systems over the next decade. The breakdown is as follows, according to a statement associated with the plan released by Transportation Secretary and CEO Richard A. Davey: To raise the necessary funds these recommendations will include an increase in the gas tax, payroll tax, sales tax or income tax; a new green fee on vehicle registrations; a …
