$14 Billion in Federal Transit Funding Announced

The annual formula funding grants support transit facilities and maintenance, electrification and equipment upgrades, and expansion of service.

1 minute read

April 14, 2023, 8:00 AM PDT

By Diana Ionescu @aworkoffiction


Regional Transit

Casey Shields / Shutterstock

The Federal Transit Administration (FTA) announced over $14 billion for state and local transit agencies to fund “upgrading stations and tracks, transitioning to next-generation buses, planning and designing new transit corridors, and providing specialized service for seniors and riders with disabilities.”

The investment represents the federal government’s annual formula funding for public transit, which “makes up more than two-thirds of the annual $21 billion transit program.” Formula funding is allocated based on formulas that use population and ridership data. According to the FTA, “This year's transit formula funding represents a 28% increase over previous funding levels before the Bipartisan Infrastructure Law was passed.”

Thursday, April 13, 2023 in Federal Transit Administration

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