Pennsylvania Department of Transportation (PennDOT) grants Access to Capital Fund request by PRT to cover fiscal deficit
Pittsburgh Regional Transit Secures $106.7 Million in Funding
The Pittsburgh Regional Transit (PRT) has received approval to use $106.7 million in state capital funds, providing a temporary solution to avoid significant service cuts and fare increases. This funding is crucial for transit agencies in Pennsylvania, as it aims to protect riders and maintain regional mobility.
The move allows PRT to avoid a 35% service reduction and a 9% fare hike, which were set to take effect in early 2026. The funds will be used to cover operating expenses for the next two years, preventing these changes from being implemented.
However, the article does not specify the effects of the long-term funding solution on capital projects or safety-critical work. Some capital projects will be delayed due to this funding, but no safety-critical work will be affected.
The long-term, sustainable financing solution pursued by Pittsburgh Regional Transit to ensure long-term funding of its operating costs is called the "Transit Funding Solution." PRT CEO Katharine Kelleman stated that this approval provides a temporary solution, emphasizing the need for a long-term and sustainable funding solution.
PRT will present a resolution to amend its operating and capital budgets later this month. The funding solution is aimed at transit agencies across Pennsylvania, highlighting its importance for the state's transit infrastructure.
It's worth noting that the article does not mention any specific timeline for the implementation of the long-term funding solution. The projected budget deficit for fiscal year 2026 for PRT is $100 million, underscoring the need for a comprehensive and sustainable funding solution.
Despite the temporary relief, the funding solution is yet to be determined, and no further details about it were provided in the article. As the situation evolves, PRT and other transit agencies in Pennsylvania will continue to work towards finding a long-term and sustainable funding solution to secure the future of public transportation in the state.
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