Word: metropolitane
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Dates: during 1940-1949
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...swam back to the bridge and hung on to one of the supports until police pulled him up. A Metropolitan District Commission launch arrived just after the rescue was effected...
Refinancing would be a comparatively simple process; at present there is a bill before the State legislature providing for a change in the depreciation system and the recall of the Metropolitan District Obligation bond issue. The same bill would transfer the ownership of all transit structures (subways, elevated lines) from the various cities and towns to the MTA. In addition, Dever has proposed that the MTA, since it is now completely State owned, be relieved of all State taxes...
...actually have the MTA service but whose residents frequently use the MTA system. But these towns fail to see why they should have to pay such a percentage if the rest of New England, which certainly benefits from the MTA, has to pay nothing. Besides that, the metropolitan cities and towns will still have to cover 87 1/2 percent of the losses...
...rental system remains the greatest operative inefficiency. Though the cities and towns of the metropolitan area pay the MTA's yearly deflect, they still demand rental fees from the transit lines for the use of their streets. In Boston, the MTA must pay for the use of all subways and elevated structures because the 'Boston Transit Department built and owns them; the MTA pays the city of Boston over $2,000,000 yearly. The most flagrant inconsistency is that the MTA, though State owned must pay the State for the use of the Cambridge-Park Street tunnel...
...State also overlooked a score of miscellaneous inefficiencies. The Metropolitan District Obligation, a publicly owned bond issue that had been paying an exorbitant interest rate for thirty years was not refinanced; the antiquated system of depreciation was never changed; and the cities and towns with MTA track running through them never reimbursed the MTA for snow removal. Probably $6,000,000 of the deficit is represented in these and the many other small bookkeeping complexities that permeated the old El accounting...