Is the Mass Transit CIG Program Sitting on $1.4 Billion? Or Is the Program $5 Billion in the Red?
November 28, 2018 - Is the Federal Transit Administration's Capital Investment Grant (CIG) program sitting on over a billion dollars of funding provided by Congress instead of providing that money to subway, light rail, and bus rapid transit projects across the country? Or is the CIG program a ticking time bomb with nearly $5 billion in unfunded liabilities that will come due in future years, when future Congresses are not legally bound to make good on those promises?
