Federal Funding: MassDOT received $648 million in federal funding in FY12 with $350 million going to stat e bridge, road and highway projects and $139 million allocated for regional Metropolitan Planning organizations. In FY12 the Boston MPO received $64 million. Massachusetts received $292 million in federal funding for transit, with $244 million going to the MBTA.
State Funding: Massachusetts General Appropriations Act allocated $1.14 billion in total transportation funding in FY12, a 23% inflation-adjusted decline since FY01 and a 12% decline since the last funding peak of $1.23 billion in FY10. According to the Transportation Finance Commission report, Massachusetts faces a $15 to $19 billion transportation deficit over the next 20 years.
MassDOT: FY12 revenues from the Commonwealth Transportation Trust Fund and the Massachusetts Transportation Trust Fund were about $2 billion combined, of which about half went to debt service payments.
Commonwealth Transportation Trust Fund was nearly $1.5 billion in FY12, funded with $660 million in gas tax revenues, $500 million in Registry fees, $302 million from the sales tax and $3 million in additional revenues. In FY12 the CTTF provided $160 million to the MBTA and $15 million to Regional Transit Authorities.
Massachusetts Transportation Trust Fund was $680 million in FY12, including $320 million from the CTTF, $350 million in Mass Turnpike and Tobin Bridge revenues and $10 million in other revenue. The MTTF provided $360 million to the Mass Turnpike and Tobin Bridge as well as $151 for the MassDOT Operating Budget.
Unfunded Capital Projects: MassDOT has about $5.3 billion worth of capital project needs for paving, system maintenance, bridges and pedestrian infrastructure of which about $3.1 billion—57%--remains unfunded.
MBTA: As of FY13, the T faces a $161 million budget deficit, driven largely by debt-service payments. MBTA revenues—which are largely supported by dedicated state sales tax, $777 million in FY12—have increased from $1.44 billion inFY09 to $1.65 billion in FY12 because of an increase in contract assistance. However, revenues have not kept up with increasing expenses, driven by large debt payments. As of FY12, MBTA expenses were $1.65 billion of which more than $362 million were debt service payments. Since FY01, debt payments have been between one-quarter and one-third of total expenses. MBTA total debt service now stands at $8.5 billion while the system also faces a $4.5 billion backlog in deferred maintenance and other projects.