The agency estimates it needs to increase income by $1.02 billion each year to operate the current system and make needed improvements over the next 10 years.
FACTORS IN SHORTFALL
$684 million/year needed to operate existing system
$284 million needed to stop borrowing to pay for operations
$300 million needed to pay MBTA debt and operate system
$100 million needed to break borrowing cycle and fund future regional bus operations
$9.3 billion over 10 years needed to bring existing infrastructure into “good repair.” Would be bond-financed and paid over 25 years.
$3.8 billion over 10 years needed to expand rail service
$1.8 billion Boston-New Bedford/Fall River rail
$850 million South Station expansion
$674 million Green Line extension
$362 million Boston-Springfield rail
$113.8 million Pittsfield-New York City rail
$20.8 million Boston-Hyannis
POSSIBLE REVENUE SOURCES
Any of these would raise $1 billion per year or smaller increases in each could be combined
Gas tax raised from $0.21 to $0.51 per gallon
Sales tax raised from 6.25% to 7.75%
State income tax raised from 5.25% to 5.66%
Vehicle miles traveled tax levied at $0.024/mile
$175 million could come from assessing higher vehicle title and registration fees based on emissions.
$140m-$207m could be raised with a payroll tax on workers in regions with transit service.