Tolong jelaskan mengenai Management and administration dari Massachusetts Bay Transportation Authority

In 2015, Massachusetts Governor Charlie Baker signed new legislation creating a financial control board to oversee the MBTA, replacing the Massachusetts Department of Transportation's Board of Directors in the role of overseeing the transit authority. The Fiscal and Management Control Board (FMCB) started meeting in July 2015 and was charged with bringing financial stability to the agency. It reported to Massachusetts Secretary of Transportation Stephanie Pollack. Three of the five members of the MBTA FMCB were also members of the Massachusetts Department of Transportation. The FMCB's term expired at the end of June 2021 and was not extended. It was dissolved and replaced by a new governing body known simply as the MBTA Board of Directors and consisting of seven members.

The Massachusetts Secretary of Transportation leads the executive management team of MassDOT in addition to serving in the Governor's Cabinet. The MBTA's executive management team is led by its General Manager, who is currently also serving as the MassDOT Rail and Transit Administrator, overseeing all public transit in the state.

The MBTA Advisory Board represents the cities and towns in the MBTA service district. The municipalities are assessed a total of $143M annually (). In return, the Advisory Board has veto power over the MBTA operating and capital budgets, including the power to reduce the overall amount.

The MBTA is headquartered in the State Transportation Building (10 Park Plaza) in Boston, with the operations control center at 45 High Street. The agency operates service from a number of bus garages, rail yards, and maintenance facilities. The MBTA maintains its own police force, the Massachusetts Bay Transportation Authority Police, which has jurisdiction in MBTA facilities and vehicles.