Biden stimulus spares airline workers from layoffs, adds more cash for new Portal Bridge
Updated Mar 12, 2021;
Airline workers, NJ Transit and New Jersey airports were among the big winners of federal aid after President Joe Biden signed a $1.9 trillion coronavirus relief and stimulus act Thursday.
Officials for U.S. Senators Cory Booker and Robert Menendez, D-NJ, broke down what is coming to help New Jersey transportation recover from travel and ridership declines and the revenue losses that accompanied them.
The below outlines the anticipated funding.
NJ Transit
NJ Transit is slated to receive an estimated $2 billion in funding that will help the agency recover from coronavirus ridership losses. It also could help it cover projected funding gaps in fiscal years 2024 and 2025.
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The MTA has a ‘doomsday’ plan if it doesn’t get more federal money. Why doesn’t NJ Transit?
Updated Dec 21, 2020;
Transit agencies across the nation, including those in New York and Philadelphia, are warning of serious service cuts and reduction in major projects if more federal coronavirus aid fails to materialize to make up for revenue shortfalls caused by the coronavirus.
New York MTA officials called it a “doomsday plan” of service cuts and employee layoffs. SEPTA officials warned of similar reductions without a second round of federal COVID-19 aid. Port Authority officials said its ambitious 10-year capital plan could be cut without $3 billion in federal aid.