Tag Archive for: T
https://pioneerinstitute.org/wp-content/uploads/Copy-of-11.-Employees-of-the-Public-Sector-1-3.png 512 1024 EJ McMahon https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png EJ McMahon2022-06-21 06:41:572022-06-21 06:41:57Rolling the Retirement Dice: Why the MBTA Should Steer Clear of Pension Bonds
This study illustrates why issuing pension obligation bonds (POBs) to refinance $360 million of the MBTA Retirement Fund’s (MBTARF’s) $1.3 billion unfunded pension liability would only compound the T’s already serious financial risks.
https://pioneerinstitute.org/wp-content/uploads/FareEvasionWeb.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2022-01-19 06:09:272022-01-19 08:40:42Study Raises Concern That Annual T Fare Evasion Costs Could Rise By More Than $30 Million Under AFC 2.0
According to the Federal Transit Administration (FTA), the MBTA’s $935.4 million fare collection system (AFC 2.0) that is scheduled to be implemented in 2023 will reduce fare evasion by $35 million over a decade. But the T announced in 2021 that evasion could actually increase by up to $30 million under AFC 2.0, and now a Pioneer Institute study warns that insufficient fare enforcement could drive that figure even higher under the new system.
https://pioneerinstitute.org/wp-content/uploads/FareEvasionWeb.png 512 1024 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2022-01-18 14:21:482022-01-19 06:14:19The MBTA’s Looming Bus and Green Line Fare Evasion Crisis
This report warns that the MBTA will likely face a fare evasion crisis when it transitions to all-door boarding on buses, the Green Line, and the Mattapan trolley in 2023. General Manager Steve Poftak and MBTA staff have signaled the potential for a $25–30 million spike in fare evasion costs when the new AFC 2.0 system is implemented unless the MBTA institutes meaningful, enforceable penalties for fare evaders. In this report, Pioneer Institute makes recommendations for managing the AFC 2.0 contract and related fare evasion procedures going forward.
https://pioneerinstitute.org/wp-content/uploads/iStock-959663212-1.jpg 3454 5181 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-11-20 09:00:152021-10-29 15:26:28Pioneer Institute Statement on MBTA Service Cuts
Even as MBTA ridership and revenue have been gutted by the COVID-19 pandemic, the system remains a lifeline for so many residents in the Greater Boston area, especially those working in essential services like health care or in industries most impacted by the pandemic such as the restaurant sector. Facing a crisis of this magnitude, T leadership must first do its all to rethink how it delivers services before reflexively making cuts.
https://pioneerinstitute.org/wp-content/uploads/blue-line.jpg 720 1280 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2019-10-07 08:30:282019-10-06 15:21:51Study Proposes “Marshall Plan” for Attracting and Retaining Talent Needed to Modernize the MBTA
Better hiring practices and internal organization, external resources…
https://pioneerinstitute.org/wp-content/uploads/iStock-959663212-1.jpg 3454 5181 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2019-08-06 08:30:432019-08-08 08:57:29Study Calls for Easing MBTA Procurement Restrictions and Beefing Up Project Management Capacity
Reforms needed if T is to achieve increased capital spending…
https://pioneerinstitute.org/wp-content/uploads/Red-line-train-with-Boston-skyline.jpg 1413 2124 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2019-03-04 14:39:302021-10-29 15:26:00Pioneer Institute Public Statement on the MBTA’s Proposal to Increase Fares by 6.3 Percent
While Pioneer Institute opposed the 2016 MBTA fare increases,…
https://pioneerinstitute.org/wp-content/uploads/MBTA-inside-1.jpg 344 588 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2018-11-29 10:29:482019-07-10 14:50:45Public Statement on MBTA Ridership & Pension Costs
Monday’s meeting of the MBTA Fiscal and Management Control…
https://pioneerinstitute.org/wp-content/uploads/Ferry.png 464 630 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2017-09-26 09:02:492020-12-11 14:01:07Study: Ferry Service Could Provide Opportunity for MBTA Expansion without Huge Upfront Costs
Read press coverage of this report in the Boston Herald: Study…