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The Boston Globe

Metro

T paints bleak funding picture

Faces projected $130 million defecit

MBTA officials painted a dark picture Tuesday of the T’s future if no funding increase ­arrives from the state, outlining cost-saving measures that could dramatically decrease service, increase fares, and fundamentally change the size and scope of the public transit service.

Facing a projected deficit of $130 million for fiscal 2014, Charles Planck, director of strategic initiatives for the MBTA, presented the Massachusetts Department of Transportation’s finance committee with ­options for how the T could balance its budget, which is due by April 15.

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