House T&I Draft Legislation: $30B in Transit Relief
But more is needed. “A recent independent, economic analysis conducted by EBP US Inc. for APTA found that public transit agencies face a projected shortfall of $39.3 billion,” Skoutelas said. “While initial rounds of emergency funding provided transit agencies across the nation with relief, public transit funding needs continue to grow due to ongoing losses of ridership, fare revenue, and state and local tax revenue. The $30 billion of emergency funding included in the Budget Reconciliation Title is essential to providing the public transportation industry with long-term certainty criti...
Source: railwayage.com