Mass. Senators Reject Plan To Oversee MBTA Money

June 19, 2012 12:00 AM
Mass. Senators Reject Plan To Oversee MBTA Money
" BOSTON (AP) — The state Senate on Tuesday rejected a proposal to replace the MBTA’s governing board with a new five-member control board that would oversee the finances of the ailing transit system for at least the next three years.

The plan, offered by a bipartisan group of lawmakers as an amendment to a bailout bill for the Massachusetts Bay Transportation Authority, was defeated on a voice vote. The Senate later approved the bailout on a 26-9 vote.

Sponsors of the proposal to create the independent control panel said the T’s current board of directors had repeatedly failed to bring the agency’s finances under control.

“The existing MBTA board has worked very hard to try to find fiscal stability and sustainability for the MBTA, but that has eluded them,” said Sen. Gale Candaras, D-Wilbraham, at a news conference before the Senate debate. “We believe they have exhausted the subject and they are overwhelmed by the Herculean problems that confront them.”

Under the plan, the control board would be responsible for creating and implementing a long-term plan for the MBTA’s financial stability while maintaining quality service and affordability "

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