As it now does at the end of every year, the MBTA is warning it will have to cut service and raise fares [2] without action by the legislature to give it more money for the fiscal year that starts July 1.
This time, however, the T says it will hold off on specific proposals [3] until March, to give the legislature time to work on another attempt at changing how public transportation and roads are funded in the state - the governor is expected to submit a proposal early next month.
In recent years, the T warns of impending slashing/fare hiking around New Year's, followed by the legislature throwing some money at the problem in early summer.