Right now, the elephant in the room for Chicagoland public transportation planners and advocates is the looming regional transit fiscal cliff as federal COVID-19 funding subsidies run out. According to the Regional Transportation Authority, which oversees the CTA, Metra, and Pace, the three systems will face a $770 million total shortfall – almost 20 percent of the operating budget – in 2026. The RTA says that if the issue is not addressed by this spring, the result would be higher fares and reduced service, leading to less ridership, aka the dreaded "transit death spiral".
The post Rep. Buckner on the transit fiscal cliff: “We need the right mix of revenue and reform to make the system work the way it’s supposed to.” appeared first on Streetsblog Chicago.
Feeds,Trans
via Streetsblog Chicago https://ift.tt/Abk6peO
January 31, 2025 at 03:25PM
Illinois Delivered 