Please provide an overview of the role of the Federal Government in Transportation Financing (as it relates to State & Local Governments). What funding streams are used to finance these projects? What is the basis for the difference in level of funding between transportation modes (highways, mass transit, rail, air & water)? Identify the rationale behind the Federal government’s level of involvement historically. What are the current transportation issues facing New Yorkers (specifically those downstate in the NYC metropolitan region)? How will the current economic crisis affect these revenues? What additional issues do you foresee in the future?

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