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Report: Massachusetts Faces a $1 Billion Annual Transportation Funding gap Over the Next 10 Years

According to a report recently released by the Massachusetts Department of Transportation, the state faces an annual $1.02 billion budget gap to maintain and upgrade its existing transportation system.

The plan, entitled “The Way Forward: a 2st Century Transportation Plan,” was recently released by state Transportation Secretary Richard Davey. It would require $13 billion in additional revenue over the next decade, more than doubling the state’s current $12 billion transportation budget.

The full plan can be viewed here: http://www.massdot.state.ma.us/Portals/0/docs/infoCenter/docs_materials/TheWayForward_Jan13.pdf