1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i FY2020 Funding for Transit Could Be Decreased Due to Highway Trust Fund Law William J. Mallett Specialist in Transportation Policy Robert S. Kirk Specialist in Transportation Policy April 12, 2019 Unless legislative action
2、 is taken, formula funding for the federal transit program could be decreased by approximately $1 billion in FY2020, roughly 12% from the amount authorized in the Fixing Americas Surface Transportation (FAST) Act (P.L. 114-94). This could lead to reductions in federal grants to local transit agencie
3、s for purchases of new buses, railcars, and other facilities, the upkeep of existing facilities, and, in the case of many smaller systems, for operating expenses. In a typical year, almost 80% of federal transit funding is distributed by formula. The potential funding decrease is due to provisions i
4、n the Highway Trust Fund (HTF) law codified at 26 U.S.C. 9503(d) and 26 U.S.C. 9503(e)(4), the original purpose of which was to ensure that programs funded by the trust fund are sufficiently supported by its revenues. The HTF receives money mainly from federal taxes on motor fuels and trucks; about
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