In this episode of "High Frequency," host Kapish Singla explores the state of transit funding with Yonah Freemark, senior research associate at the Urban Institute. Based on insights from the recent Urban Institute report, “Surmounting the Fiscal Cliff,” the interview delves into the reasons behind transit’s current fiscal cliff, and the policy choices that have perpetually put transit agency finances on precarious footing. The episode advances sustainable funding solutions that could finally disrupt this vicious cycle of underinvestment, and ensure that the current crisis is transit’s last fiscal cliff.