State Bailout for SSA Deficit Becomes Law
Gov. Charlie Baker signed a supplemental FY2020 budget into law on Friday, officially shifting the burden for this year’s projected Steamship Authority deficit from the five port communities onto the state.
Steamship Authority governors took up a laundry list of measures to help the boat line stay afloat on Tuesday, extending the reduced ferry schedule to May 14.
The decision by the Steamship Authority to seek a financial bailout from the state came together hastily in the span of a few short days.
With cash running low the SSA is urgently seeking a financial bailout from the commonwealth, marking a first.