Monday, April 27, 2009

What Your T Ticket Pays For

"MBTA to lay off 75 to trim deficit; T sets furloughs, freeze on wages" by Noah Bierman, Globe Staff | April 22, 2009

.... The combination of lower-than-expected tax collections and increasing payments on the T's $8.1 billion debt have hurt the authority's efforts to escape a cycle of deficits....

Its debt payment will increase in the next fiscal year by $77.5 million, the biggest single factor in the looming deficit....

That's right! You are PAYING OFF BANKS!!!

Grabauskas said he will forgo an increase in his $255,000 salary....

How about a cut like everyone else?

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