The term “transit funding” has become an oxymoron to transit agencies. Suddenly, money is literally being thrown at transit agencies to spend as quickly as they can. However, they cannot spend it on operations. Because ridership has escalated to all-time highs, transit agencies are straining to maintain operating budgets while their normal sources for revenue income, other than farebox revenue, are declining. You would think the financing would be a good thing, but the "good" is falling short where it's needed most. What to do?
Until next time,