Fiscal Crisis

BART’s Credit Rating Dinged
U.S. public transit agencies haven’t yet seen the bottom of a pandemic-induced fiscal crisis.

Can New York Legislators Make Buses Free While Improving Service?
A pair of state legislators hope to make buses free while improving service levels on the Metropolitan Transportation Authority’s (MTA) bus system in New York City. The effort will require a new level of political will for transit.

Deficit Plan for New York MTA Includes Fare Hikes, More Relief
A series of federal relief funding in 2020 and 2021 helped the New York MTA keep its head above water over the past three years, but the funding is running out and the books still have to be balanced for a post-pandemic world.

Office Vacancies Could Cost San Francisco $200 Million by 2028
The fiscal toll of the pandemic is only beginning to reveal itself. The challenges presented to growing office vacancy rates are not unique to San Francisco.

Transit Faces a Fiscal Cliff in New York City—Sooner Than Expected
It's like March 2020 all over again.

Direct Payment, Rent Relief, Homelessness Funding in Expanded 'California Comeback Plan'
Nearly 6 million Californians will receive $600 in economic stimulus checks as the state makes a plan to spend its surprise, massive budget surplus. $2.6 million for rent relief and $2 billion to pay utility bills are also planned.

Haves and Have Nots: Planning and the Deep Divides of the Pandemic
The latest in a series of compendia gathering news and analysis about the effects of the COVID-19 on the built and natural environments—now and long into the future.

How $30 Billion in Stimulus Funding Would Change the Equation for Transit Agencies
The funding in the draft stimulus funding package making its way through Congress falls short of the total requested by the American Public Transportation Association, but would go a long way to helping transit agencies weather the pandemic.

Budget Cuts Will Severely Impact Park Agencies
A recent survey by the National Recreation and Park Association reveals that many park agencies are deferring or canceling maintenance and capital projects.

An Infrastructure Proposal for Biden's First 100 Days in Office
The 100 days in office provides President-elect Joe Biden with an early chance to follow the model of Franklin Delano Roosevelt.

COVID Stimulus Details for Planners
A few last minute changes were included in the version of the COVID-19 Emergency Relief Act of 2020, approved by Congress last night.

What's in the New Economic Stimulus Package for U.S. Transit Agencies
A new economic stimulus package that appears headed for approval as of this writing will give $15 billion to public transit, far less than transit advocates had hoped, but far better than nothing.

New York, Boston Transit Agencies Back Off Proposed Cuts
News of a potential economic stimulus package in Congress is followed by news that two of the nation's most prominent transit systems are reducing cuts proposed to address plummeting revenues.

More Transit Agencies Propose Cuts; Congress Finally Takes Notice
The stakes in the economic stimulus package under consideration on Capitol Hill this week are incredibly high.

WMATA Approved Buyouts and Service Reductions
The Washington Metropolitan Area Transit Authority couldn't wait for a still hypothetical bailout from Congress or the Biden administration.

D.C. Metro Seeks Public Input on Proposed Service Cuts
D.C. Metro Seeks Public Input on Proposed Service Cuts

Report: New York MTA Facing 'Greatest Crisis' in its History
A new report on the finances of the New York Metropolitan Transportation Authority (MTA) makes a desperate plea for assistance from the federal government.

Report Details Dire Fiscal Straits of Local Governments
The National League of Cities has produced a highly-anticipated report detailing the fiscal fallout of the sudden and swift economic downturn that followed the coronavirus to American shores.

Surveying the Fiscal Nightmare for Cities and States
Governing takes a tour through the fiscal impacts of a suddenly cratered economy and an ongoing public health crisis.
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