Transit agencies could turn to taxpayers for more money when federal COVID-19 money runs out.
With federal money dwindling, some mass transit agencies are preparing to seek more tax dollars at a time when fewer people are riding, according to a report from a credit rating agency.
Some workers never plan to return to the office, creating uncertainties for mass transit agencies and the taxpayers who fund them, especially those more dependent on riders for fare revenue. A new report from S&P Global Ratings said transit systems could seek additional tax dollars when federal COVID-19 money runs dry in 2025.
Read More