Details from FTA on Stimulus Money for Transit

The Federal Transit Administration has released its preliminary calculations of how much each of the nation’s transit systems will receive from the overall stimulus bill.

"Here's a briefer on the two types of formula allocations:

Fixed Guideway Infrastructure Investment: Funds are distributed according to a seven-tier system, only the first four of which will be used for the distribution of stimulus funds."

"Transit Capital Assistance - Urbanized Areas: Funds for urban areas of above 200,000 in population (representing 90.68% of total funds) are divided up in terms of fixed guideways (generally rail) and bus service. These funds go directly to metropolitan planning organizations in each federally-designated urban area, which then sets its own priorities for funding."

Funding breakdowns for both types and a chart detailing funding by city available after the jump.

Full Story: Who’s Getting Formula Money?

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET