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.
CHICAGO -- 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."
State law requires that approximately half of the RTA's revenues come from rider fares, but in recent years the agency has gotten statutory exemptions due to the COVID-19 pandemic. Redden told lawmakers that since 2020, fares have only made up"about 20 percent" of the needed revenue to operate the system.
Last month, RTA's board approved a strategic plan that includes seeking increased funding overall to the system and developing a new model that is less reliant on fares. "These are the same communities, and again pardon my French, that saved your during the pandemic because they were the ones who were using public transit," Villanueva said.
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