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MBTA Operations Off Track

MBTA OPERATIONS OFF TRACK HEADED FOR BREAKDOWN ClickSoftware *.. Making Service Click TOTAL PRINCIPAL AND INTEREST DEBT OF PRINCIPAL AND INTEREST PAYMENTS ON THIS DEBT CONSUMES $8.5 BILLION 30% THE MBTA CURRENTLY HAS THE HIGHEST DEBT BURDEN OF ANY U.S. TRANSIT AGENCY OF THE (T'S ANNUAL ÎNCOME Outstanding principal debt (excluding interest) $5.5 BILLION MBTA Capital Investment Program Revenue Bonds $2.18 BILLION Prior Obligation Debt (before Forward Funding in 2000) $1.65 BILLION Central Artery/Tunnel project (Legally obligated) $1.67 BILLION MIICHISE The MBTA has a roughly $4.5 billion backlog of maintenance projects blogs.bostonmagazine.com/boston_daily/2011/10/24/mbta-red-line-cuts/?replytocom=34072 ZEHIBAIIEHUIICIUBAIICIJJIICHISAICIIBAIICHUBAIICHUBAIIERUJAIICHUSAIICHUJAIICHIJAIICIUBAIICHU. THE TOTAL PROJECTED ANNUAL LOSSES OF 2013 WILL BE REDUCED $1.65 BILLION FROM $185 MILLION TO A $84 MILLION NET LOSS = 8,185 HARVARD DEGREES FARES ONLY ACCOUNT FOR Including tuition, 28% room and board 20010 O 2011 OF TOTAL REVENUE FARES $448,813,678 MBTA TOTAL OPERATING EXPENSES GREW RIDERSHIP DOUBLED EXPENSES 3.5x EXPENSES 66% $1,613,169,668-- THE FARE INCOME - HOORAY - OH NO - OPERATING EXPENSE OPERATING EXPENSE BREAKDOWN 2011 WAGES 100 % GROWTH 398.341,656 80 PAYROLL TAXES, CASUAL & LIABILITY ------------ ------ 47.531,502 MATERIALS 182,741,475 PURCHASED COMMUTER RAIL EXPENSES, EMPLOYEE BENEFITS 484,338,806 FINANCIAL SERVICE CHARGES, PURCHASED LOCAL SERVICE EXPENSES 106.987,904 BOSTON GROWTH NORM - 33% 50% EMPLOYEE BENEFITS PAYROLL TAXES WAGES PURCHASED LOCAL SERVICE EXPENSES (LARGELY THE RIDE) INCREASED 253% FINANCIAL SERVICE CHARGES INCREASED 208% OF TOTAL OPERATING EXPENSES ONLY REASONABLE GROWTH OF ALL OPERATING COSTS EMPLOYEE BENEFITS INCREASED 86.0% 6,289 POSITIONS IN 2011 MBTA AVERAGE SALARY - $65,000/YEAR * HEALTH BENEFITS AND PENSION 10% OF EMPLOYEES MADE MORE THAN $100,000 LAST YEAR IN SALARY AND OVERTIME 2010 2011 2012 2013 2014 FY 2011 $0.391/ MILE OPERATING BUDGET OVERTIME $0.380 / MILE $30.9 MILLION $0.383 / MILE $0.405 / MILE $4913.34 EXTRA PER P $0.408 / MILE 2013 SOLUTION CUTTING ROUTES AND RAISING PRICES %24 .. FARE INCREASE RIDERSHIP IMPACT OPERATING SAVINGS FARE REVENUE 23% 1,212,242 $15,400,000 $72,900,000 ANNUAL TRIPS LOST PASSENGER MILES -MILLIONS- MILES BETWEEN MAJOR MECHANICAL FAILURES -THOUSANDS- AVERAGE FARE COST COST PER PASSENGER MILE BUS & SUBWAY $0.94 $0.74 $0.81 $1.25 $1.25 $1.26 $1.42 427 773 3,501 16,689 1,705 3,870 2,336 $1.14 $0.53 $0.64 $0.55 $0.69 $0.53 $0.70 16 14 18 16 26 20 DALLAS ATLANTA LOS ANGELES NEW YORK BOSTON CHICAGO WASHINGTON D.C. ClickSoftware provides solutions that help companies like the MBTA decrease operational costs while improving customer service - LEARN MORE AT - ClickSoftware www.clicksoftware.com/MBTA Making Service Click COST PER MILE

MBTA Operations Off Track

shared by clickpr on Jun 26
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With a pending 23% MBTA fare hike scheduled for July 1, a recently approved $51 million budget bailout, and a staggering 20% projected increase in riders, Boston commuters are being hammered by number...

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