This morning, the U.S. Office of Management and Budget released the blueprint outline of the President’s Federal Fiscal Year 2018 budget request to Congress. As outlined, the U.S. Department of Transportation’s budget would be cut by 13 percent. Currently, Metro assumes substantial federal funding in its financial plan. A lack of federal funds at current levels would potentially impact Metro’s ability to deliver some projects in the Measure M transportation plan. Metro will continue to evaluate the budget released today to understand its potential fiscal impact on our agency.
Metro traditionally receives approximately $600 million annually in federal formula funding and has, over the past several years, secured approximately $300 million in federal New Starts funding for our transit projects. Metro has Full Funding Grant Agreements for the Regional Connector, Purple Line Extension Section 1 and Purple Line Extension Section 2. Metro is actively seeking and will continue to advocate for federal support for Purple Line Extension Section 3 funding.
Categories: Transportation News