Officials Fear House Bill Will Strip NYC of Its Transit Funding
NEW YORK — On Monday, a who’s who of the city’s political establishment — mainly Democrats, but at least one Republican — denounced the new Republican-sponsored House transportation bill, saying it will strip away the dedicated funding stream for what is known as the Mass Transit Account.
This account, part of the government’s Highway Trust Fund, allows states, municipalities and local transit agencies to plan and fund capital projects. In New York City, the Mass Transit Account funds key investments in the city’s subways, buses, commuter rails and other forms of public transit.
Slashing this funding stream, say those protesting the bill, will result in a loss of $1.7 billion for New York state.