{"id":3344,"date":"2020-06-17T10:00:52","date_gmt":"2020-06-17T17:00:52","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=3344"},"modified":"2020-06-17T12:32:55","modified_gmt":"2020-06-17T19:32:55","slug":"president-trump-announces-220-million-in-cares-act-funding-for-mts","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=3344","title":{"rendered":"President Trump Announces $220 Million in CARES Act Funding for MTS"},"content":{"rendered":"<p><em><span style=\"font-weight: 400;\">Written by Michael Palomba<\/span><\/em><\/p>\n<p><span style=\"font-weight: 400;\">The San Diego Metropolitan Transit System (MTS) is facing some serious financial troubles. Ridership is at an all time low, which is really hurting MTS revenue. Buses are carrying less than one-third of their usual ridership, and trolley ridership is also down 60 percent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Circulate San Diego, a nonprofit transit advisory group, released a report showing that 25 percent of San Diego\u2019s essential workers don\u2019t own a car, and 30 percent of the county\u2019s highway maintenance workers rely on public transit every day. With so many essential workers relying on the transit system, it&#8217;s important that it does not suffer operationally, despite the significant drop in revenue.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luckily, President Trump has announced that the MTS will receive $219.9 million in CARES Act funding.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I am sending $219.9M to the San Diego area in CARES Act funding for <a href=\"https:\/\/twitter.com\/sdmts?ref_src=twsrc%5Etfw\">@sdmts<\/a>. These funds from <a href=\"https:\/\/twitter.com\/USDOT?ref_src=twsrc%5Etfw\">@USDOT<\/a> will be CRITICAL for economic recovery. We have to keep people moving safely and efficiently!<\/p>\n<p>&mdash; Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1270828585323020293?ref_src=twsrc%5Etfw\">June 10, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, MTS was not prepared for a disaster like the COVID-19 pandemic, and they were very much banking on federal assistance. &#8220;We knew it was coming and we were building it into our budgets,&#8221; said MTS Marketing Director Rob Schupp said. He did add that many businesses were hit hard and &#8220;ridership is way down.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For fiscal year 2020, MTS is projecting a revenue drop of $30.7 million. For 2021, an even heftier $102 million in revenue loss is predicted.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Schupp added that the funds are &#8220;designed to help us recover\u201d and he expects that the financial recovery will take several years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Like most agencies that have suffered from declining revenue this year, MTS certainly has a tough road ahead. They need to maintain their current efficiency and operational standards while figuring out how to make up for millions in lost revenue. Thankfully, the additional funding announced by President Trump will surely make their road to recovery a smoother one.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Photo by Josh Esh<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written by Michael Palomba The San Diego Metropolitan Transit System (MTS) is facing some serious financial troubles. Ridership is at an all time low, which is really hurting MTS revenue. Buses are carrying less than one-third of their usual ridership, and trolley ridership is also down 60 percent. Circulate San Diego, a nonprofit transit advisory&#8230;<\/p>\n","protected":false},"author":3,"featured_media":1203,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[],"class_list":["post-3344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>President Trump Announces $220 Million in CARES Act Funding for MTS - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=3344\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Trump Announces $220 Million in CARES Act Funding for MTS - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Written by Michael Palomba The San Diego Metropolitan Transit System (MTS) is facing some serious financial troubles. 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