METRO Magazine Logo
MenuMENU
SearchSEARCH

Feds Make $9.9B in Formula Funds Available to Transit

The funding will help communities maintain and operate trains, buses, and ferries; upgrade stations and tracks; plan and design new transit corridors; and provide access for seniors and riders with disabilities.

February 29, 2024
Feds Make $9.9B in Formula Funds Available to Transit

Formula-based grant programs include funding for transit systems in both urbanized and rural areas, grants for buses and bus facilities — including low- and no-emission buses — transit designed for seniors and people with disabilities, planning funds, and support to improve the condition of transit assets.

Photo: Larry Levine

3 min to read


The Federal Transit Administration (FTA) announced $9.9 billion in federal formula funding, part of the largest investment in public transit in U.S. history, is available to support public transportation in communities throughout the U.S.

The funding will help communities maintain and operate trains, buses, and ferries; upgrade stations and tracks; plan and design new transit corridors; and provide access for seniors and riders with disabilities.

Ad Loading...

Apportionment Funding

The partial-year Fiscal Year (FY) 2024 funding is detailed in apportionment tables that specify funding to states, urbanized areas, and Tribal governments based on statutory formulas.

“When we invest in public transit, we improve daily life for millions of Americans across the country, and make it easier, safer, and more affordable to get around communities of every size,” said U.S. Transportation Secretary Pete Buttigieg. “The Biden-Harris administration is making the largest investment in public transit in U.S. history, including $9.9 billion announced today, to help communities improve public transit and expand it to reach more people than ever before.”

The tables specify funding available through FTA formula programs and represent a partial year of federal support for transit.

The publication of apportionment tables allows transit providers nationwide to move forward with applications for FY 2024 funds to support expanding and modernizing transit systems and operations. The funding reflects formula funding available for five months (October 1, 2023 to March 1, 2024) at FY 2023 levels while the federal government operates under a Continuing Resolution.

“The Bipartisan Infrastructure Law provides significant increases to transit funds across the country, from counties with just one van providing rides to systems operating hundreds of trains, buses, and ferries in the largest cities in America,” said FTA Acting Administrator Veronica Vanterpool. “Communities depend on this funding to start new projects, fix old infrastructure, and bring more fast, safe, convenient service.”

Ad Loading...

FTA’s Formula Funding

FTA distributes formula funds to state Departments of Transportation, Tribal nations, and urbanized areas. Formula-based grant programs include funding for transit systems in both urbanized and rural areas, grants for buses and bus facilities — including low- and no-emission buses — transit designed for seniors and people with disabilities, planning funds, and support to improve the condition of transit assets.

The tables allow transit agencies and grant recipients to view the amounts for programs set by statutorily defined formulas so they can better plan and manage over the long term for new projects and address their repair backlogs.

This year, due to changes resulting from the 2020 Census, some areas will see changes in funding amounts due to new urbanized area boundaries, as well as changes in populations. The apportionments reflect changes occurring in areas that exceed or fall below the 50,000-population threshold for urban areas, as well as other thresholds within the urban programs that determine whether funds are apportioned to the states or directly to urbanized areas.

Full-year formula funding will be available once Congress passes an FY 2024 appropriations bill. Once enacted, transit funding will support President Biden’s Bipartisan Infrastructure Law to support transit in 500 urban communities across the country and rural transit systems nationwide, allowing hundreds of transit agencies to buy new buses and railcars, improving reliability and transit service.

To view funding state-by-state, click here.

More Management

Managementby StaffMarch 19, 2026

People Movement: The Latest from TARTA, STV, and More

METRO’s People Movement highlights the latest leadership changes, promotions, and personnel news across the public transit, motorcoach, and people mobility sectors.

Read More →
A BART railcar
Managementby StaffMarch 19, 2026

BART Monetizes Empty Parking With New Online Leasing Tool

BART began offering select parking lots to non-BART riders to generate new revenue to help address its FY27 $376M operating budget deficit brought on by remote work.

Read More →
MTA Chair & CEO Janno Lieber sits with a customer service employee and takes calls.
Managementby Elora HaynesMarch 19, 2026

Transit Agencies Nationwide Celebrate 2026 National Transit Employee Appreciation Day

Agencies across the U.S. honored transit workers on March 18, recognizing the essential roles they play in keeping communities moving daily.

Read More →
Ad Loading...
Cover for METROspectives with Inez Evans Benson
ManagementMarch 18, 2026

Inez Evans-Benson on Leadership and the Future of Transportation

Drawing on decades of industry experience, Evans-Benson offered insights into the differences between the two, along with tips for better customer engagement and more.

Read More →
An RTC of Washoe County bus driving down Virginia Street.
Managementby StaffMarch 18, 2026

Keolis Lands 3 Contract Renewals

The renewals include continued operations at Fort Lauderdale-Hollywood International Airport in Florida; the PRTC in Virginia; and RTC Washoe in Nevada.  

Read More →
A MARTA employee using the new Better Breeze fare ticket machines.
Managementby StaffMarch 17, 2026

MARTA’s New 'Better Breeze' Fare System Nears Launch

The new system introduces tap-to-pay, touchscreen kiosks, and updated Breeze cards, with both old and new systems running through May.

Read More →
Ad Loading...
A wide angle view of two MTA buses with three people walking between them.
Managementby StaffMarch 16, 2026

Proposed Auto Insurance Reform Would Save New York’s MTA Millions Annually

The governor’s proposed auto insurance reforms could save the agency $48 million annually by limiting payouts in crashes where buses are not primarily at fault.

Read More →
paratransit bus
SponsoredMarch 16, 2026

Measuring the True Cost of Paratransit Fleets

What truly drives the cost of a paratransit fleet? Beyond the purchase price, seven operational factors quietly determine maintenance frequency, downtime, and long-term service reliability. This whitepaper explores how these factors shape lifecycle cost and what agencies should evaluate when selecting paratransit vehicles.

Read More →
Cover photo for METROspectives with The Bus Coalition
Busby Alex RomanMarch 13, 2026

Inside The Bus Coalition’s Push for Stronger Federal Transit Investment

In this conversation, TBC’s Executive Director Ed Redfern, President Corey Aldridge, and Washington Representative Joel Rubin outline the coalition’s key policy priorities, the challenges facing transit agencies, and how industry stakeholders can work together to strengthen the voice of bus transit at the federal level.

Read More →
Ad Loading...
Amanda Wanke
Managementby StaffMarch 13, 2026

Des Moines DART CEO Joins Minneapolis Metro Transit

Amanda Wanke, who has worked at DART for 10 years, including the past 2½ years as CEO, will join Metro Transit as deputy chief operating officer, operations administration.

Read More →