This is not the official budget document.

Budget Summary FY2016

Outside Section 169
Data Current as of:  8/19/2015




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MBTA Operating and Capital Budget Plan

SECTION 169.   The Massachusetts Bay Transportation Authority shall develop a plan to establish separate operating and capital budgets. The plan shall include clearly designated revenue sources and uses, and policies and procedures to ensure that the authority does not commingle funds between its operating and capital budgets. The plan shall include a process to facilitate the transfer of authority employees from the capital budget to the operating budget, detailing: (i) the number of employee salaries funded by capital expenditures in fiscal years 2015 and 2016; (ii) the total cost of employee salaries charged to the capital budget in fiscal years 2015 and 2016; and (iii) the number of employees and the total cost of employee salaries that the authority estimates shall be moved from capital expenditures to operating expenditures in each future fiscal year until no employee salaries are funded through the capital budget. The plan shall facilitate the transfer of employee salaries to the operating budget not later than July 1, 2018. The plan shall further analyze the extra bonding capacity created by the removal of personnel costs from the capital budget and detail capital projects that may be funded as a result. The plan shall be filed with the joint committee on transportation, the house and senate committees on bonding, capital expenditures and state assets and the house and senate committees on ways and means not later than December 15, 2015.