New Stimulus Data: Road Funds 77% Under Contract, Transit at 74%
As of the end of February, nearly $5.4 billion of transit stimulus money, or 74 percent, was under contract for projects in the 50 states and D.C., according to a Streetsblog Capitol Hill analysis of data released today by the House transportation committee.
The success rate of transit stimulus spending was slightly topped by that of road projects funded by the economic recovery law. About $20.3 billion of highway stimulus funding, or 77 percent, was under contract in the 50 states and D.C.
Today's data release breaks down transportation stimulus spending by state, allowing a closer look at which areas are making more progress on getting road projects out to bid than transit, and vice versa.
For instance, Georgia -- where Atlanta's MARTA transit system, the ninth-largest in the nation, is confronting a deficit that could force massive service cuts -- has put less than one-half of its $127 million in transit stimulus funding under contract. Georgia has moved nearly 90 percent of its highway stimulus money into the contracting stage.
California, by contrast, has put 69 percent of its $860 million in transit stimulus funds under contract. Of its $2.5 billion highway stimulus allocation, 59 percent was associated with signed contracts last month.
Not all of the road stimulus funding sent to states was restricted entirely to highway projects. States were permitted in some cases to "flex" money from their road pots to transit, and 10 percent of highway formula allocations is historically set aside for bicycling, pedestrian, and safety work under the Transportation Enhancements program.