Alert: Fiscal Cliff Negotiations Threaten Transit's Future
Last week, Congress and the President announced they may limit municipal bond interest’s tax-free status. These bonds are the central way transit systems raise funds to repair, upgrade and expand their infrastructure and vehicles. By limiting this tax-free status, Washington will make it harder for transit leaders to attract high-quality investors and maintain their systems. That means longer commutes, fewer transit options and less economic opportunity for businesses and riders.
America’s transit systems already face significant hurtles as federal and state funding for infrastructure disappear, ridership increases, and deferred maintenance grows and grows. It is clear, transit riders and our country’s economy can not afford another obstacle.
Tell Congress and the President to support transit and protect the tax-free status of municipal bond interest by clicking here.
