Via the League of American Bicyclists, new information is out about how much the feds are spending on bike-ped  projects. While federal funding for bicycle and pedestrian projects is down a bit from last year’s all-time high, it still comes in at more than a billion dollars. A third of the money is from the American Recovery and Reinvestment Act (ARRA), which begs the question of what will happen to bike-ped funding once the stimulus funds dry up. We got some somber foreshadowing last week of what could happen to bike-ped funding if Republicans cut the transportation bill to the “core program.”

The League of American Bicyclists says we’re already getting a sense of what could happen, as the drop from last year to this year reflects the push to spend stimulus money quickly, followed by a cooler period. The League’s response to this year’s figure:

The $1 billion spent on biking and walking projects is a great and welcome step. It is being used to create miles of bicycling facilities, countless bike parking spaces, hundreds of safer routes to schools for children, recreational trails, and other needed projects. However, it is still a drop in the overall transportation-bucket. Bicycling and walking make up 12 percent of all trips and yet receive less than two percent of federal transportation funding. To put the billion dollars in perspective, the amount of federal money spent on bicycle and pedestrian projects, nation-wide, in FY 2010 is equal to the cost of just one bridge in the Port of Long Beach.

You can also see the FHWA funding breakdown by year, by program, and by state.