To help tackle the system’s fiscal challenges, New Jersey Governor Phil Murphy enacted a corporate transit fee last year that is the first dedicated state funding source for NJ Transit in its history.
The MTA’s capital program “must be fully funded to carry out critical work that will keep the system running and canceling congestion pricing has serious consequences,” Kevin Willens, the agency’s chief financial officer, said in a statement.“More broadly, unpredictable federal transportation policy harms the MTA and municipalities across the country.
President Donald Trump has sought to rein in government spending and US lawmakers are looking for savings to help finance an extension of Trump’s first-term tax cuts.“Literally no one has any expectation of Congress doing anything else for them,” said Yonah Freemark, principal research associate at the Urban Institute.“A lot of folks are worried that the Trump administration will try to claw back transit dollars.
The story "$6 bn funding crisis at US mass transit threatens commuters, travel" has 1817 words across 75 sentences, which will take approximately 8 - 16 minutes for the average person to read.
Which news outlet covered this story?
The story "$6 bn funding crisis at US mass transit threatens commuters, travel" was covered 19 hours ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 314 news stories per day.
It's most recent story was published 3 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
