The budget signed by Gov. Maura Healey includes $470 million in MBTA funding for the next fiscal year.
Massachusetts Governor Maura Healey signed a budget that includes $8 billion for roads, bridges, and public transit over the next decade. The budget also allocates $115 million for regional transit grants and $35 million for income-eligible reduced fares at regional transportation authorities.
That includes $470 million for the Massachusetts Bay Transportation Authority for fiscal year 2026 and “$548 million from fiscal 2024’s Fair Share revenue, an additional tax imposed on those with incomes over $1 million” that will help reduce the transit agency’s projected $307 million budget shortfall to $168 million, explains Dan Zukowski in Next Cities Dive. “Along with the MBTA, a portion of Fair Share funds will go to the Massachusetts Department of Transportation. The department approved an $18.5 billion capital investment plan in June that will go toward highways, bridges, bicycle and pedestrian infrastructure.”
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