TITLE

Senate Panel Faults White House Cap on Mass Transit Funds

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/11/2003, Vol. 344 Issue 31654, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
A panel of the United States Senate questioned the wisdom of the administration's proposal to cap federal funding for mass transit projects under the U.S. Federal Transit Administration's New Starts program at 50% of a project's cost. Senators expressed their concerns that reducing federal funds for transit could put an additional financial burden on states to make up the funding difference and unfairly favor highway construction over transit projects. The plan would also redirect to highway construction the portion of gas tax receipts that currently funds transit projects.
ACCESSION #
10104658

 

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