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Like other US transit systems, Boston has struggled with low ridership post-pandemic. The MBTA faces a projected $700 million operating deficit for the next fiscal year and needs at least an estimated $2.5 billion annually to address a backlog of repairs. Boston City Councilor Ed Flynn discusses the state of the city’s transit system on “Bloomberg The Close.” Sign up for The Weekly Fix newsletter for the latest fixed income news, charts, and analysis from the Bloomberg Markets team. Exclusively for Bloomberg.com subscribers: https://bloom.bg/3R6AB82
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