As it now does at the end of every year, the MBTA is warning it will have to cut service and raise fares  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  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.
- Boston 
- The T 
- fare hikes