Pixguy
Elite Member
In Massachusetts 16% of the state sales tax revenue goes to help pay for the MBTA (Massachusetts Bay Transportation Authority) which provides service to the greater Boston area. Out of 60 years I've only ridden on an MBTA train once, but it just makes me smile to know I'm subsidizing the greater population of Boston with cheap fares to ride around with very little benefit to the rest of the state. :thumbdown:
"Since the "forward funding" reform in 2000, the MBTA is funded primarily through 16% of the state sales tax (with minimum dollar amount guarantee), which is set at 6.25% state-wide. The authority is also funded by passenger fares and formula assessments of the cities and towns in its service area (excepting those which are assessed for the MetroWest Regional Transit Authority)."
"MBTA Operating Revenues
Revenue Source Amount
(FY 2008 budget)
State Sales Tax $756M
Fares $430M
Municipal Assessments $143M
Parking, Real Estate Tenants, etc. $37.4M
Real Estate Sales and Misc. $20.8M
Advertising $11.0M
Federal government $8.0M
Interest $3.8M
Utility reimbursement from tenants $2.8M
Total $1.413B"
According to Howie, the MBTA is where political hacks and their family go to do nothing and retire.
Is that true?