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Transit agencies seek state help on projected $730 million budget gap

Transit agencies seek state help on projected $730 million budget gap
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Transit agencies look to the state for help making up projected $730 million budget gap

Officials with the state s largest transit agencies met with lawmakers on Tuesday to sound the alarm for what Regional Transportation Authority Executive Director Leanne Redden called a "looming operational crisis." "By 2026, the region will face an annual budget deficit of nearly $730 million per year," Redden told lawmakers. "That s nearly 20 percent of our operating revenue." The Regional Transportation Authority, or RTA, is the oversight organization for the Chicago Transit Authority, the Metra commuter rail system and the Pace suburban bus system. ....

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People News: ASLRRA, RTA, INRD - Railway Age

People News: ASLRRA, RTA, INRD - Railway Age
railwayage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railwayage.com Daily Mail and Mail on Sunday newspapers.

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To close budget gaps, transit agencies face hard decisions in 2023

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Chicago Transit Authority working on new FA/underwriting pools

The CTA and its fiscal parent, the Illinois RTA, will try to build a coalition for future funding to face the fiscal reckoning after federal COVID-19 aid ends. ....

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