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Massachusetts

Mass. transit overseers vote to unwind costly swaps

BOSTON – State transportation system overseers are moving ahead on unwinding a series of swaps, sophisticated financial bets on the direction of interest rates, that have kept part of the state's transportation-related debt payments locked in at higher rates. Terminating the interest-rate swaps with UBS and Deutsche Bank is

Massachusetts legislature

Gas tax option for Mass. towns explored on Beacon Hill

BOSTON – In a brief public hearing lacking of any counter-arguments, members of the Legislature's Joint Revenue Committee listened Tuesday to a western Massachusetts lawmaker's pitch to let cities and towns decide whether to slap drivers with a 3-cent-a-gallon fuel tax surcharge at the pump. "I

Massachusetts legislature

Gas tax surcharge as a local option set for review

BOSTON – A lawmaker from the Berkshires wants Massachusetts cities and towns to be able to decide for themselves whether to tack a surtax on to motor fuel sales to pay for improving the poor state of roads and bridges in their communities. On Tuesday, his proposal will take center stage