House delivers $237 million for MTA operating budget

Following up on yesterday’s item about Rep. Jerry Nadler’s (D-N.Y) promises to deliver federal funds for the MTA, the House voted to approve a bill authorizing $1.7 billion for public transit systems. Ostensibly, the money is earmarked for lowering fares and expanding operations as commuters the high cost of driving for public transit. This is the first time federal funds are being sent to public transit systems for operating costs, as the MTA is expected to receive $237 million, the agency will be able to use this money to pare down its debt. Don’t expect the fares to drop despite Congress’ wishes. [Associated Press]