Saturday, August 16, 2008

An Elevated T

This state is borrowing itself into oblivion, this economy is tanking, and yet the loot just keeps rolling out everywhere.

"Struggling T gives executives a 9% pay raise; Move sparks uproar amid fare hike talk" by Noah Bierman, Globe Staff | August 16, 2008

The MBTA's general manager gave a 9 percent raise to 240 executive employees this week after warning just a week ago that a financial crisis could spur a significant fare increase in 2010.

This state is just full of looters, isn't it?

Daniel A. Grabauskas said the raises match the salary increases that union employees are receiving after going two years without a contract and three years without a cost-of-living increase. But his decision to include managers - who make an average of $83,650 - is sparking criticism, given the T's dire finances.

Sigh. Yeah, they are hurting!

"The agency's broke," said Senator Robert L. Hedlund, a Weymouth Republican who serves on the Transportation Committee. "It's amazing in this day and age [that] management is never asked to sacrifice."

Grabauskas warned last week that commuters would face a "hefty" fare increase in 2010 if the Legislature does not help the MBTA with its $8.2 billion debt.

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Also see: On Borrowed T