The Congressional Budget Office’s (CBO) suggestions to either reduce or eliminate federal funding for public transportation and to eliminate the Federal Transportation Administration (FTA) are misguided and counterproductive to our country’s economic prosperity.
“The American Public Transportation Association (APTA) is strongly opposed to these CBO proposals,” said APTA President and CEO Paul P. Skoutelas. “Eliminating federal funding for public transportation will drastically reduce mobility and job opportunities for Americans and will make our country less competitive.”
APTA notes that every $1 invested in public transportation generates $4 in economic returns.
The business community knows how important public transportation is for their employees. That is why so many businesses want to be located near public transportation and are engaged in partnerships with their local public transit systems.
The value of public transit to employers was highlighted recently when Amazon chose northern Virginia and New York City for their new headquarters. Both locations have strong public transportation systems.
“The CBO proposals will negatively impact the American people, the communities they live in and the companies they work at,” said Skoutelas. “This is a time when we should be significantly increasing investment in our public transit infrastructure.”