Public Transportation and COVID-19: Funding and Finance Resiliency: Considerations When Planning in an Unprecedented Realm of Unknowns

This document presents a staged approach for transit operating agencies in moving forward during and after the COVID-19 pandemic. It focuses on funding and finance resiliency planning and examines the Coronavirus Aid, Relief, and Economic Security (CARES) Act, CARES Act 2, future stimulus bills, Fixing America's Surface Transportation (FAST) Act reauthorization, federal discretionary grant programs, and state funding. Factors discussed include financial tracking of COVID-19 related expenses, which funds to use first, steps the Federal Transit Administration is taking to ease regulatory burdens during this time, and recovery outlook scenarios. Examples of possible safety initiatives to aid in ridership recovery are listed and fare revenue considerations such as temporary fare waiving are outlined. Action plans are provided with steps for the immediate term, short term, and longer term for (1) optimizing safety and security; (2) adapting service to the evolving market; (3) managing costs and funding; and (4) adjusting capital plans and programs.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; Photos; References; Tables;
  • Pagination: 11p

Subject/Index Terms

Filing Info

  • Accession Number: 01742290
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 11 2020 11:12AM