Date: February 24, 2022
Author(s): Jacob L. Wasserman, Brian D. Taylor, Nataly Rios, Hannah King, Fariba Siddiq, Benjamin Bressette
Abstract
The global COVID-19 pandemic severely affected public transit systems worldwide, with many U.S. transit systems losing between 50% and more than 90% of their riders in the early phases. The subsequent collapse in fare revenues coupled with the economic slowdown that initially reduced tax revenues available to subsidize transit services left agencies in Southern California struggling to maintain operations, as projections developed in the early months of the pandemic predicted dramatic declines in key revenue sources for transportation. Two years into the pandemic, the recovery of transit ridership remains slow and uneven.
About the Project
This project reports on the recent past, present, and immediate future of public transit finance in California and Southern California in light of the impacts of the COVID-19 pandemic. Initially, […]