WASHINGTON — New Jersey could lose $75 million in federal transit funds, and Congress is working to try to prevent that.
Both the House and Senate transportation spending bills for the current fiscal year would forestall the reductions, but Congress still needs to reconcile the two versions and send final legislation to President Donald Trump for his signature.
Lawmakers needed to act because federal gasoline tax collections, which fund the transit account, are falling below projected levels, requiring automatic cuts in spending unless Congress acts. Congress also has sent money to the account that funds highway construction for the same reason.