• Changing worker and consumer behavior is transforming many of the largest U.S. downtown business districts.
• Transit ridership has not returned to pre-pandemic levels, but ridership has been on a downward trend since 2015. Funding solutions not related to ridership and fare revenue were going to be needed even without the pandemic.
• The majority of transit funding does not come from fare revenue.
• This year funding support has emerged and will likely continue to come from increases in state and local government assistance as long as it is available and supported from a policy and public opinion perspective.
• State and local government assistance could become more difficult to attain if or when resources become scarce.
• We are closely watching public support of transit. If public support declines, so could state and local government assistance.

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