MBTA hopes for state funding to avoid rate hikes

Updated:

BOSTON (MyFoxBoston.com) – The MBTA says it hopes to close a budget gap without steep fare hikes.

The debt-ridden agency faces a $139 million dollar shortfall for the next fiscal year but is hoping state lawmakers will help make that up.

According to the Boston Globe, if Beacon Hill approves a new budget by July 1, the immediate burden will be shifted off of rider fares.

The budget includes $21 million in cuts and an additional $118 in state funding for the MBTA. Gov. Deval Patrick has proposed a tax increase to help fund the budget.

In 2012, T fares went up 23 percent and some service was cut.