The Massachusetts Bay Transportation Authority (MBTA) is "gaining speed" in its plan to drive down costs and improve operations, according to the latest annual report from the agency's Fiscal and Management Control Board (FMCB).
Although the MBTA's operating budget deficit was projected to reach $242 million in fiscal-year 2017, the actual deficit for the year was $30 million. That improvement stemmed from $37 million in internal cost controls and $30 million debt service savings, the report stated.
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