Anyone working in public transit agencies will wince at the mention of the fiscal cliff, the looming operating budget shortfall for transit agencies.
COVID relief funding of $70 billion for public transit is ending. Currently, ridership is at about 70% of pre-pandemic levels, with lower fare revenue exacerbating the funding gaps for these agencies. Additionally, they are contending with a rise in fare evasion and a substantial increase in operational costs. Find out more here: Fiscal cliff challenges for public transit: How can Kuba help agencies? | Kuba
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