Sunday, July 5, 2009

�Bailout� for Transportation Agencies? is reporting the following: "Passenger rail and bus advocates are pressing conferees on the war supplemental bill to include a Senate-passed provision that would allow public transit agencies to spend some of their stimulus dollars on operating expenses, instead of capital improvements." According to the article, transit agencies received $8.4 billion in stimulus funds.

Does this not sound like a bailout in the making: "Many transit agencies are facing budget deficits that leave them unable to keep up with dramatic increases in ridership. As a result, service and personnel cuts are being proposed in cities across the country."


[Source: - Posted by FreeAutoBlogger]