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.
Read the full story: Who’s Getting Formula Money?
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Hunter College, City University of New York (CUNY)
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