by Jeff Smith
Daily Herald
Rescuing transit from a fiscal free fall could require higher taxes or fees and possibly kneading Metra, Pace and the CTA into one mega-agency, Chicago Metropolitan Agency for Planning officials said Wednesday.
The three organizations face a combined $730 million annual budget shortfall starting in 2026, when federal COVID-19 funding dries up. In 2022, state lawmakers required CMAP to report on the crisis and offer solutions.
"Be bold. Re-imagine our transportation system. Focus on ensuring the system is financially viable. Make it stronger than it was before COVID-19. Consider equity, climate change and economic growth," is how CMAP Executive Director Erin Aleman described their objectives.
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Next stop, Willoughby
~el Jefe ("Jeff Smith Rules") :: RAILROAD.NET Site Administrator/Co-Owner
~el Jefe ("Jeff Smith Rules") :: RAILROAD.NET Site Administrator/Co-Owner