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| NEWS HEADLINES |
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| FTA Releases $3 Billion in Formula Funding for Transit |
On Tuesday, Feb. 8, the FTA released an apportionment notice announcing the availability of $3 billion in formula funding. The funding had been previously appropriated by Congress for Fiscal Year 2011 through a series of short-term Continuing Resolutions.
Congress has only approved funding for a portion of the current fiscal year, through March 4, so only approximately 5/12 of funds for the fiscal year are made available. FTA will put out a subsequent apportionment notice for the remainder of the funds once Congress approves the appropriations for the rest of the year.
This money will go to states, local communities, and transit agencies nationwide to modernize and rebuild their transportation systems. These funds are essential for building new infrastructure, investing in more transit options, making repairs to existing bus and rail lines, and ensuring that transit serving rural areas receives critical operating funds.
Some of the formula breakdowns include $39.5 million for Metropolitan Transportation Planning Programs (Section 5303), $1.75 billion for Urbanized Area Formula Programs (Section 5307), $185.7 million for Nonurbanized Area Formula Programs (section 5311), and $3.350 billion for Rural Transit Assistance programs (Section 5311(b)(3)).
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