Thinking Outside the Bus
Hiroyuki Iseki,
Michael Smart,
Brian D. Taylor, and
Allison Yoh
In an era of stretched tax revenues, shrinking public sector budgets, and partisan debates over the appropriate role and scale of government, investments in public transit systems have been increasing. While the Great Recession has recently squeezed many transit operating budgets, overall public capital and operating subsidies of transit systems have grown dramatically over the past decade. Why have transit expenditures grown when so many other facets of public expenditure have shrunk?