$538 million in CARES Act funding approved

Region's transit agencies get help for COVID relief

PSRC's Executive Board acted swiftly in a remote emergency meeting to distribute $538 million in CARES Act Funding to the region’s transit agencies.  This funding is targeted to address impacts from the COVID-19 crisis and better enable recovery across the region.

PSRC worked closely with the region’s transit agencies on the distribution methodology for the CARES Act funding. The distributions are based on the Federal Transit Administration’s apportionment formula:

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No Regional Transportation Improvement Program action is required if these funds are used by the transit agencies for operating expenses or to cover losses. Should any transit agency choose to use these funds for capital infrastructure projects, the identified projects would come back to the PSRC Executive Board for action via the normal Regional TIP process.

Watch the meeting video.