Last week, New York Senator Chuck Schumer, a top Democrat in Washington and influential policy player, spoke out forcefully in favor of the Public Transportation Preservation Act, a $2 billion lifeline for the nation’s transit agencies. The Act would provide emergency operating aid for buses, subways and other systems throughout the country and would give a significant boost to the tri-state region.

Transportation for America today hailed the introduction of emergency legislation to prevent disastrous service cuts and fare hikes that are threatening public transportation riders across America. The Public Transportation Preservation Act would provide $2 billion in emergency assistance for operating expenses necessary to restore a major reduction in transit service and to hold off future fare increases due to decreased state or local funding that occurred on or after January 1, 2009. Funding would be distributed through existing formulas.

Sen. Charles Schumer and Rep. Jerrold Nadler released a statement on Senator Schumer’s amendment to increase funding for transit in the Senate economic recovery package. Sen. Schumer’s planned amendment would boost transit funding from $8.4 billion up to $14.9 billion, with additions to the vital program (New Starts) that would provide funds for new, ready-to-go transit projects across the country. Currently, the House version has $2.5 billion for New Starts, where the Senate version has zero.