MBTA directors approve $3 billion budget, ponder projected $700 million shortfall

The T’s Board of Directors, on Tuesday, gave their grudging approval to a fiscal 2025 spending plan that ballooned by 11% — nearly $300 million — over the previous year. The budget, according to its authors, will allow the beleaguered transportation system to spend another year focused on hiring and fixing the many problems it’s finding along the tracks and at stations.