Urban Fold

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?

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