CARES Act Opens LTD to $25 Million to Alleviate COVID-19 Funding Losses
Media Contact: Pat Walsh
Lane Transit District (LTD) has access to $25 million in federal stimulus fund money from the CARES Act to help alleviate the impacts of COVID-19-related expenses and loss of revenues. The federal funding will be available to fill expected gaps in LTD’s annual operating budget over the next several years.
“This is good news for our communities, especially for passengers, employers, and LTD employees,” said Aurora Jackson, LTD’s general manager. “LTD receives this funding due in large part to the hard work of our congressional delegation who believe as we do that public transit is essential to the health and well-being of our community. We are grateful for their support.”
LTD’s annual operating budget is $55.1 million, with $38.5 million of the budget coming from taxes paid by employers and employees within the District. The remainder of the operations budget is funded with federal and state dollars.
“We know that our local businesses are being hit hard in a way that will likely affect their business for months and even years. As our transit service depends on these tax revenues, LTD would potentially be looking at reductions in bus service at a time when our community is looking to transit to be part of the solution,” Jackson said. “The money from the federal stimulus package will allow the District to maintain bus service through this health crisis, and improve service as we begin the economic and social recovery from the pandemic.”
Governor Brown’s Order for Oregonians to “stay home, stay safe” has resulted in LTD reducing its Monday through Saturday service and suspending Sunday service until further notice. Ridership has dropped from more than 35,000 boardings per workweek day to about 10,000 boardings Monday through Friday.
Please go to www.LTD.org/covid-19 for details on current service levels.