Public Transit: Funding for New Starts and Small Starts Projects, October 2004 through June 2012

United States. Government Accountability Office.

United States. Government Accountability Office.

关键词: Government accountability -- United States.;    transportation;    public transit;    letter report;   

RP-ID  :  GAO-13-40
RP-ID  :  650029

美国|英语

来源: UNT Digital Library

【 摘 要 】

A letter report issued by the Government Accountability Office with an abstract that begins "Local funding exceeded total federal funding contributions for the 25 New Starts projects, accounting for $16.3 billion, or almost half, of $33.8 billion of total project funding (see figure below) from October 2004 through June 2012. This outcome reflects the Federal Transit Administration's (FTA) policy to encourage project sponsors to seek less than 60 percent of the project's costs from New Start funds--less than the allowable 80-percent New Starts-share maximum. Local agencies used a wide variety of sources, but most commonly used sales taxes for their contributions to the projects; sales taxes were used for 13 of the 25 projects. Federal funds from all sources for New Starts projects totaled about $15.2 billion. The New Starts program alone provided about $14 billion, or 92 percent of the federal funds during this period. Federal-aid highway funding that was "flexed," or transferred, to transit was the second largest source of federal funds, providing about $720 million. Finally, states provided about $2.3 billion, or about 7 percent of total funding, to 13 of the 25 projects. States obtained most of this funding from bonds or other debt mechanisms."