$1.8 Trillion for Nothing
4th November 2025
Congress sporadically handed out transit capital funds in the 1970s and 1980s, but in 1991 it made it systematic with creation of the transit capital investment grants program, also known as New Starts. Since then, federal, state, and local taxpayers have spent more than half a trillion dollars on transit capital improvements. Transit agencies have also spent nearly $1.2 trillion on transit operations, only $355 billion of which was covered by passenger fares.