The Massachusetts Turnpike Authority yesterday approved Jeffrey Mullan as executive director while it waits to see if the state will avert scheduled July 1 toll hikes with a $100 million bailout.

A plan to boost Massachusetts’ sales tax to 6.25% from 5% recently passed the House and the Senate, with $275 million of the additional revenue going towards highway, bridge, and light-rail needs throughout the state. Though Gov. Deval Patrick does not support the sales tax hike and prefers targeted tax increases such as a 19-cent gas tax hike, the 1.25% sales tax boost passed both chambers with veto-proof majorities.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.