More than 80 people attended the Merrimack Valley TMA's March 6th Transportation Finance Roundtable at Merrimack College. The roundtable featured remarks by North Andover Town Manager Andrew Maylor and Andover Town Manager Reginald Stapczynski as well as a presentation by MassDOT Secretary and CEO Richard Davey of the state's plan for transportation infrastructure investment and how to pay for that investment. Senate Transportation Chair Thomas McGee moderated a lively conversation with attendees. Most people in the room agreed that they want and need - at a minimum, the infrastructure that is currently in place - the key question remains how should we pay for it!
Pre-Tax Transportation Benefit Increased for 2013 The Fiscal Cliff bill increases the transportation fringe benefit to $245/mo for qualified transit and vanpool fares and parking for 2013! Retroactive increases for 2012 transit and vanpool fare (from $125/mo to $240/mo) were also included in the bill. Bike Commuters continue to be eligible for up $20/mo for pre-tax qualified expenses related to bike commuting. Click here for additional details
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