MBTA borrowing plan freed up cash for state budget balancing

BOSTON — The Baker administration, which struggled to balance the state's books in fiscal 2016, plans to use borrowed dollars for its final two months of payments to the MBTA, freeing up operating dollars. An administration official said the operating cash would be used to address the fiscal 2016 tax revenue shortfall – which fell $484 million below expectations.

BOSTON — The Baker administration, which struggled to balance the state's books in fiscal 2016, plans to use borrowed dollars for its final two months of payments to the MBTA, freeing up operating dollars. An administration official said the operating cash would be used to address the fiscal 2016 tax revenue shortfall – which fell $484 million below expectations.…