Transportation Funding – Greater Washington Partnership
May 22, 2020
The COVID-19 pandemic is wreaking havoc on most public and private budgets. Transportation budgets are no different, with the coronavirus upending dedicated transportation trust fund (TTF) revenue projections throughout the Capital Region. On Wednesday, May 20, Maryland DOT Secretary Greg Slater updated the Maryland House Appropriations Committee on the state’s TTF funding and shared that the state is expecting a loss in revenue of $550 million this fiscal year ending June 30 and an additional $500-$730 million in FY 21.
Without additional relief from the federal government or innovative funding solutions, our transportation budgets will face unprecedented challenges in the months and years ahead. We are going to have to fight to protect transit funding.
Effective public transit is vital to keeping cities running. We will need your support and help to ensure that our public transit system provides access to jobs, sparks new development, and creates the kinds of vibrant communities that can attract a talented workforce.
We send a heartfelt thank you to all of the essential transit workers for their sacrifices during this challenging time.
Stay Healthy. Stay Safe.