Feds sending relief to local transit agencies
This makes new bill more responsive to the specific budget problems each agency is facing due to COVID. Many regions underfunded in the CARES Act (like New York and Seattle) are now in line to receive proportionally more from this package. Others received aid greater than 75% of their operating costs in the CARES Act, so they would not get additional funds through this bill. Many fall in between, with grants that bring them up to the 75% cap.
Yonah Freemark has more estimates on Twitter:
Other urban areas have ranges because the money will be reallocated from those that max out:
- Yonah Freemark (@yfreemark) December 21, 2020
NYC: $3.3-6.2b
LA: $700m-1b
SF: $490m-980m
DC: $610m-710m
SEA: $310m-630m
DEN: $120m-230m
PORT: $120m-220m
MSP: $130m-190m
Figures for *entire* urban areas, not individual agencies.
The bulk of the funds will presumably go to Metro and Sound Transit.