Massachusetts Bay Transportation Authority
Funding
The Capital Investment Program is a rolling 5-year plan which programs capital expenses. The draft FY2009-2014 CIP allocates $3,795M, including $879M in projects funded from non-MBTA state sources (required for Clean Air Act compliance), and $299M in projects with one-time federal funding from the American Recovery and Reinvestment Act of 2009. Capital projects are paid for by federal grants, allocations from the general budget of the Commonwealth of Massachusetts (for legal commitments and expansion projects) and MBTA bonds (which are paid off through the operating budget). The FY2014 budget includes $1.422 billion for operating expenses and $443.8M in debt and lease payments.
Massachusetts Bay Transportation Authority-91