MBTA officials expected to announce deficit cut progress

MBTA officials are expected to announce that they have cut their projected deficit by more than 40 percent.

This could allow them to invest about $100 million into projects to strengthen service during storms and fix aging signal systems.

The deficit savings are coming from a few sources.

The MBTA is paying less overtime to its workers.

They are getting increased revenue from advertisements and other sources.

They could also be ending their late night service, which would save another $9 million.

The MBTA is set to vote on fare increases next week, and officials say despite the savings, a hike is needed to reduce billions in maintenance backlogs.

They are considering two plans which could raise fares by as much as 10 percent.

Critics say the savings show the MBTA can dig out of its financial problems without forcing riders to pay dramatically more.

(Copyright (c) 2016 Sunbeam Television. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)