1. No category

Presentation to MBTA
Caucus
Financial Status of the MBTA
February 24, 2015
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Projected Sales Tax v. Actual Amount Received
$1,050.000000
$179.75
$1,000.000000
$162.89
$146.87
$950.000000
About $1.11 Billion
difference between
total projected sales
tax revenue and actual
amount received
$127.67
$900.000000
$113.27
$87.63
$850.000000
$62.73
Projected Sales Tax
$49.57
$800.000000
$48.10
Actual Amount Received
$46.32
$32.21
$750.000000
$31.74
$10.89
$700.000000
$10.65
$0
$650.000000
$600.000000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
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Fuel & Utilities Expenses
Source: D’Alessandro, David F., et. al, “MBTA Review”, 11/01/2009
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MBTA Debt (as of June 30, 2014)
$1.3 Billion
$2.5 Billion
Prior Obligation
Debt (prior to
2000)
Big Dig Transit
Commitments
Capital
Improvement Debt
(since 2000)
$1.7 Billion
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Peer Agency Comparison: Debt as Percentage of Operating
Budget
Total Opera3ng Budget for FY15 Percentage (%) City Transit Authority Washington, D.C.
Washington Metropolitan Area Transit Authority
(WMATA)
$3 billion
$21.2 million
0.71
San Francisco Municipal Transportation Agency
(SFMTA)
$943.2 million
$12 million
1.3
Southeastern Pennsylvania Transportation
Authority (SEPTA)
Chicago Transit Authority (CTA)
$1.327 billion $19.843 million
$1.443 billion
$137 million
1.5
9.5
San Francisco
Philadelphia
Chicago
New York City
Boston
NYC Metropolitan Transit Authority (MTA)
Massachusetts Bay Transportation Authority
(MBTA)
Debt $14.390 billion
$2.481 billion
17
$1.933 billion
$423.9 million
22
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Fare Increases (2000-2012)
Subway Fares
Fare
Bus Fares
Increase
Fare
Increase
$0.30
$0.15
$0.85
2000
$0.25
$0.45
$1.00
$1.25
2004
2007*
$1.70
2012
$0.15
$0.60
2000
$0.15
$0.35
$0.75
$0.90
2004
2007*
$0.25
$1.25
2012
*The CharlieCard was introduced in 2007. Fares listed here are based on CharlieCard fare prices.
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SGR Project Funding Requests
Source: D’Alessandro, David F., et. al, “MBTA Review”, 11/01/2009
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MBTA Rail Fleet
Line/Mode Heavy Rail Red
Blue Orange Heavy Rail Green Fleet Qty. Service Date Age (yrs) Useful Life No.1 Fleet No.2 Fleet No.3 Fleet No.5 Fleet No.12 Fleet Total Number of Heavy Rail Cars 70 62 82 94 120 446 1969 1988 1994 2008-­‐09 1981 46 27 21 6 34 25 25 25 25 25 No.7 Fleet No. 7 Fleet 8 65 1945-­‐46 1986-­‐87,8
8 70-­‐69 29-­‐27 25 25 15 80 168 1997 1999-­‐2007 18 8-­‐16 25 25 No.7 Fleet No. 8 Fleet Total Number of Light Rail Cars 8
SGR Backlog
Source: D’Alessandro, David F., et. al, “MBTA Review”, 11/01/2009
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Transit Improvements Resulting from Big Dig (Completed)
• 
• 
• 
• 
• 
• 
• 
• 
• 
New Blue Line trains
Rehabilitation of 11 existing
subway stations
South Station access to Red Line
North Station high platforms/new
tracks
Park and Ride spaces (21,000)
Silver Line to Airport
Bus Terminals: Lynn and South
Station
Lynn Central Square Station and
Parking Garage
Commuter Rail Improvements:
Newburyport, Framingham, Old
Colony, South Station Track 12,
Fairmount
"Blue Line 700 cars at Airport" by Derek Yu via
Wikimedia Commons
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MBTA Funding in 5-Year CIP
MBTA Funding Only (in millions)
Infrastructure
$2,376 , 77.8%
Accesibility
System Enhancement
$387, 12.7%
System Expansion
Stimulus Bill Projects
$221, 7.2%
$24, 0.8%
$45, 1.4%
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Transportation Finance Act
Capital Projects in CIP
• 
• 
• 
• 
• 
Green Line Extension (50% federal funding)
South Station Postal Site Acquisition
South Coast Rail (early action items)
DMU Implementation
Silver Line to Chelsea
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Peer Agency Comparison:
Pension as Percentage of Operating Budget
City Transit Authority Massachusetts Bay Transportation Authority
(MBTA)
Boston
Washington Metropolitan Area Transit Authority
Washington, D.C. (WMATA)
Southeastern Pennsylvania Transportation
Authority (SEPTA)
Philadelphia
Chicago
Total Opera3ng Budget for FY15 Pension Budget Percentage (%) $1.933 billion
$76,874,710
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$3 billion
$177,652,550
5.9
$1.327 billion
$90,800,000
6.8
$1.443 billion
$122,354,000
8.5
San Francisco
Chicago Transit Authority (CTA)
San Francisco Municipal Transportation Agency
(SFMTA)
$943.2 million
$86,748,591
9.2
New York City
NYC Metropolitan Transit Authority (MTA)
$14.390 billion
$1.35 billion
9.4
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Peer Agency Comparison:
Health Benefits as Percentage of Operating Budget
Health Care Benefits Transit Agency Opera3ons Budget Percentage MBTA (Boston)
$1.933 billion
$110 million
5.7
WMATA (D.C.)
$3 billion
$202 million
6.7
MTA (NY)
$14.390 billion
$1.066 billion
7.4
SFMTA (S.F.)
$943.2 million
$107 million
11.3
SEPTA (Phil.)
$1.327 billion
$197 million*
14.9
CTA (Chicago)
$1.443 billion
n/a
n/a
* Includes Life Insurance
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Operating budget gaps prior to 2013
Fiscal Year Deficit (budget formation) Solutions FY13 $185 million One-time infusion of state funds,
fare increase FY12 $127 million Parking garage lease, parking
revenue securitization, debt
restructuring FY11 FY10 $73 million $160 million Debt restructuring State contract assistance 15
Funding MBTA receives from Transportation Finance Act
of 2013
Year
FY14
FY15
FY16
FY17
FY18
Amount
$115M
$135M
$202M
$261M
$357M
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Anticipated Changes in Revenues and Costs
Revenue Cost New MBTA Fares Increased Revenue or Cost Savings/ Addi$onal Cost $18-­‐$24.5 million per year New Commuter Rail Contract $93 million per year New Paratransit Contracts $21 million per year New MBTA Janitorial Contracts $3.1-­‐$10.5 million per year MBTA Labor Arbitra3on Awards $19 million per year Source: Keeping on Track, Transportation for Massachusetts, 2015
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MassDOT:
Significant Additional Costs and Revenues for FY14
Revenue/Cost Source Increased Revenue or Cost Savings/ Addi$onal Cost compared to Projec$ons for FY14 Motor Vehicles Sales Tax $32 million Snow and Ice Removal $ 90 million 18
Indexing of the Gas Tax (Lost Revenue)
Year
FY15
FY16
FY17
FY18
Amount
$9M
$27M
$44M
$62M
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FY 2016 Revenue Overview
State and Local Funding = $1.35
Billion
Total Revenue = $2.03 Billion
State
Assistance
$202.4
10%
Fare
Revenues
$614.4
30%
Non-fare
Revenues
Local
$70.8
Assessments
4%
$162.9
8%
Dedicated
State Sales
Tax Revenue
$985.1
48%
State Contribution
$ Amount
% of Revenue
$1.2 Billion
58%
Photo Credit: Massachusetts Office of Travel and Tourism/Flickr
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FY 2016 Operating Expenses
Total Operating Expenses
$1.606 Billion
Purchased
Local Service
Expenses
$126.5
8%
Financial
Services
$6.5
0%
Commuter Rail
Services
$400.8
25%
Casualty &
Liability
$16.8
1%
Materials,
Supplies &
Services
$276.1
17%
Wages and
Benefits
$779.7
49%
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Daily Weekday Ridership
Year
2005
2015
2020
(Projected)
Ridership
1.1 M
1.3 M
1.4-1.6 M
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Population Growth
Percent growth Since 2000
Boston
9.65%
Boston, Cambridge, Quincy, Somerville
Massachusetts
8.12%
% growth Since 2000
5.41%
0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00%
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Percent of MA Residents without Driver’s Licenses
Percent of MA residents
(of driving age)
without licenses
13.20% 13.41%
12.54% 12.59%
10.89%
8.67%
2006
9.57%
2007
2008
2009
2010
2011
2012
Source: U.S. Department of Transportation. Federal Highway Administration. Office of
Highway Policy Information. 2006-2012. Highway Statistic Series: Travelers (or System
Users) 6.3.1 Licensed drivers – Ratio of licensed drivers to population.
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Thank You!
Rafael Mares
Senior Attorney
CLF Massachusetts
62 Summer Street
Boston, MA 02110
P: 617-850-1739
E: [email protected]
For a thriving New England
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