Public Transport Receives Bailouts from American States

Public Transport Receives Bailouts from American States



American ‍states are bailing out public transport

Sometimes,⁣ it turns out, protests work. On June 3rd,⁢ over a hundred San Franciscans mounted a mock funeral‍ for public transport. Walking to​ city⁢ hall in the sun, they⁢ carried on their shoulders models of buses and trains like ⁣coffins, as musicians played a funeral dirge on trumpets and a⁣ saxophone. Their anger was over a proposal by Gavin Newsom, California’s‍ governor, that would have cut $2bn of spending from public transport in an attempt to balance the state’s hefty​ deficit. muni, San Francisco’s local transport agency,⁣ had suggested it ⁤might‍ have to remove the equivalent ⁤of 20 bus routes to stay solvent.

Within ⁣a week, a deal had been worked out by the state legislature. Assuming it passes (and Mr‌ Newsom signs it), instead of cuts roughly $1.1bn a year will be made available to public transport, raised from the state’s emissions cap-and-trade scheme. California will thus stave ‌off a problem afflicting⁤ public-transport systems across America: that‍ of a fiscal cliff, as federal covid-relief⁢ money dries up. The Golden State is not ​alone in creating a financial parachute. ⁣In May New York legislators agreed a budget with over $1bn of new funding for the Metropolitan Transit Authority, New York City’s system.⁤ Minnesota has also introduced a new sales tax to raise $450m a year for the system ‌in Minneapolis and St Paul.

Compared with other countries, public-transport use in America has been slow to ‍recover from the pandemic. The number of bus and train passengers in May was still at only ‍69% of the pre-pandemic level, according to data ⁤from ⁤the American Public‍ Transportation ⁢Association, an industry group. In May New York’s subway was carrying a mere 71% ⁤of the ⁢passenger total in 2019. Ridership on BART, in the San Francisco Bay Area, was at just 37% of the 2019 figure. In London⁤ in May, travel on the Underground system was already⁤ back to ​around 87% of pre-pandemic levels.

2023-06-15 08:20:26
Original from www.economist.com
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