July 27, 2009
Capital vs. Operations fundingReturn to Blog
This article in The Nation examines the paradox of ARRA funding (federal stimulus funds), which basically provides money to transit systems for expansion but not for operating costs; and mentions St. Louis. It also discusses the rule change allowing some of the capital funds to be converted into operation funds, and looks at the issue of declining tax revenues which are used to fund transit in many areas. Just some interesting food for thought.
Categories:Capital Projects, Economic Development
1 thought on “Capital vs. Operations funding”
Politicians would rather go to ribbon cuttings than fund mundane stuff like maintenance and operations . . .