Massachusetts House and Senate leaders crafted a compromise transportation bill that would generate $500 million by raising cigarette and gasoline taxes and restore tolls on the western end of the Massachusetts Turnpike.

The plan by a conference committee, which both chambers are scheduled to debate Wednesday afternoon, would close the $118 million deficit for the Massachusetts Bay Transportation Authority and move personnel costs from the MBTA's parent, the Massachusetts Department of Transportation, off the capital budget over the next three years.

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