Federal Financial Support for Public Transportation

Congressional Budget Office

No 57636, Reports from Congressional Budget Office

Abstract: The federal government has long provided significant financial support for public transportation. Federal spending accounted for about one-sixth of the $79 billion in public spending on transit in 2019. During the coronavirus pandemic, lawmakers allocated nearly $70 billion in onetime supplemental funding. Lawmakers also passed the Infrastructure Investment and Jobs Act, which increased the federal government’s annual funding for public transit from $14 billion to $18 billion per year through 2026 and provided funding for new surface transportation programs.

JEL-codes: H54 R42 R48 (search for similar items in EconPapers)
Date: 2022-03-22
New Economics Papers: this item is included in nep-pbe, nep-tre and nep-ure
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