Massachusetts Senate defeats asset inventory database proposal
July 05, 2012
The Massachusetts State Senate recently rejected an amendment that would have instated a fixed asset management
database for property, plant and equipment owned by the Massachusetts Bay Transportation Authority, the Beacon Hill Roll Call reports.
The searchable database, which would have been accessible by the public, was proposed with the aim of facilitating inventory tracking and asset accounting
Supporters of the amendment - including Eileen Donoghue, a Democrat representing the 1st Middlesex district - argued that the database would have increased transparency, which is important given the fact that the authority is a multi-billion-dollar operation. Opponents such as James Eldridge and Jennifer Flanagan, both from the Middlesex and Worcester district, noted some of the information that would have been provided by the database is already available through a searchable site created by the Executive Office of Administration and Finance.
Recently, questions were raised about the MBTA's asset management following a recent audit conducted by Ernst & Young, which revealed "gaps" in its procedures for handling materials, according to the State House News Service.