Metro will get some stimulus money

Good.

Transit agencies in southeastern Texas are set to receive more than $300 million to stem revenue losses linked to COVID-19, federal officials announced Thursday, most of it coming to Houston.

As part of the first round of Congress-approved stimulus funding, $25 billion will go to transit agencies nationwide, doled out by the Federal Transit Administration. The money “will ensure our nation’s public transportation systems can continue to provide services to the millions of Americans who depend on them,” U.S. Transportation Secretary Elaine L. Chao said in a release.

Money will be distributed by urban areas, with most of Houston’s $258.6 million going to the Metropolitan Transit Authority, which has seen ridership to drop to less than half its normal workday use. Bus and rail ridership Wednesday was 129,000, a 55 percent decline from the same day last year, Metro spokesman Jerome Gray said.

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Fewer riders means less money coming in from fares, but that pales in comparison to the expected drop in sales tax collections Metro relies on for most of its funding. With various businesses closed and most of the Houston area hunkered down, collections from Metro’s 1 percent sales tax are expected to nosedive.

We’ve talked about the effect of the sales tax revenue decline before. This should help a bit, and there may be more coming. Having a fully functional transit system for when everyone gets to go back to work is going to be a big deal, so this is very encouraging.

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