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MBTA Looking at $230M Shortfall When Federal Aid Runs Out
The MBTA might inch to the edge of a financial “cliff” as soon as fiscal year 2024, when the agency will have exhausted all of the nearly $2 billion in federal COVID-19 aid it received and will face a budget gap of more than $230 million, officials said Thursday. Presenting a multi-year budget projection to board members, MBTA CFO Mary…