President Biden, USDOT Announce More than $20 Billion for Communities of All Sizes to Support Transit This Year

President Biden and the U.S. Department of Transportation’s Federal Transit Administration (FTA) announced a more than $20 billion investment in American transit, thanks to the Bipartisan Infrastructure Law. The funding levels, detailed by FTA in apportionment tables for each of 30 programs for Fiscal Year 2022, will provide 58% more funding, enabling transit agencies to modernize and expand services for residents in communities large and small.

Full-year funding is available following Congressional passage of an FY 2022 appropriations bill in March. The new tables released today reflect funding increases authorized by the Bipartisan Infrastructure Law, allowing thousands of transit agencies to buy new buses and railcars, address their repair backlogs, modernize their fleets, and transition to new technologies to address the climate crisis. These upgrades will support the expansion of U.S. manufacturing due to Buy America requirements that apply to steel, iron and other materials used in public transportation projects that receive federal assistance.

Each year, more than 65 percent of the funding distributed by FTA comes from the programs informed by the formulas released today.

In February 2022, FTA released partial-year funding tables based on a series of continuing resolutions that maintained funding at FY 2021 levels. The continuing resolutions prohibited the full implementation of new programs and funding levels created under the Bipartisan Infrastructure Law, which was signed into law by President Biden in November 2021.

The FY 2022 full-year apportionment, which supports all of FTA’s diverse competitive and formula programs, supersede partial-year tables posted in February 2022. The full-year amounts significantly increase funding for many programs, including:

  • $6.9 billion for the Urbanized Area Formula Program, which supports transit agencies in large U.S. cities and suburbs, 29% more than the FY21 funding level;
  • $4.1 billion for the State of Good Repair Formula Program, 52% more than the FY21 funding level;
  • $893 million for Rural Area Formula grants, which support transit programs in rural areas, representing 23% more than the FY21 level;
  • $422 million for the Enhanced Mobility of Seniors and Individuals with Disabilities program, representing 44% more than the FY21 level;
  • $45 million to support to transit programs run by tribal governments through formula and competitive grants, representing 25% more than the FY21 funding level; and
  • $49 million for State Safety Oversight, representing 69% more than FY21 funding level.

-via Press Release

This article was posted on: April 7, 2022