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The Boston Globe

Metro

Mass. gets scaled-back transportation plan

Top lawmakers offer $500m finance program with narrower aims than Patrick’s $1.9b agenda

Beacon Hill leaders Tuesday announced a $500 million transportation finance plan that would raise gas, tobacco, and business-related taxes to put the MBTA and regional bus systems on firmer financial footing, but does not fund any of the ambitious transit projects put forth by Governor Deval Patrick.

House and Senate leaders’ scaled-down funding plan would likely prevent the need for immediate MBTA fare increases. Patrick had argued that his bigger $1.9 billion capital investment plan — financed by an income tax hike, with money for schools as well as roads, bridges, and transit projects — is essential to the state’s economic health.

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