The Federal Transit Administration (FTA) just announced its full 2024 apportionments for transit, part of the largest investment in public transit in U.S. history. Missouri is set to receive $146,524,899 in formula funding. See state-by-state funding here.
Formula-based grant programs include funding for transit systems in both urbanized and rural areas, grants for buses and bus facilities, transit designed for seniors and people with disabilities, planning funds, and support to improve the condition of transit assets. Urbanized area formula funding in Missouri includes $29.4 million to Kansas City, MO-KS; St. Louis, MO-IL at $77M; and Springfield at $4.5M.
The full-year FY24 funding is detailed in apportionment tables that specify funding based on statutory formulas and funding levels set by Congress. The tables allow agencies and grant recipients to view the amounts for programs by state and urbanized area so they can better plan and manage new and expanded transit projects. Each year, more than 65 percent of the funding provided by FTA comes from the formula programs being announced here.
“As part of President Biden’s infrastructure plan, we’re making history’s biggest-ever federal investment in transit—trains, buses, ferries, and more—so people can reliably and affordably get to wherever they need to be,” said U.S. Transportation Secretary Pete Buttigieg. “This $20.5 billion investment in public transportation will support the daily lives of millions of Americans across the country and help communities expand access to economic opportunity.”
Earlier this year, FTA released $9.9 billion in partial-year apportionments reflecting formula funding available for five months (Oct. 1, 2023, to March 1, 2024) at FY23 levels while the federal government operated under a Continuing Resolution. The partial-year funding, which provided public transit agencies an opportunity to draw down formula funding for time-sensitive needs, is a subset of the full-year amounts being announced here.