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CTA Avoids Immediate Crisis as RTA Board Approves $74M Lifeline from Metra and Pace Funds, Amid Wider Budget Shortfall in Chicago
@Source: hoodline.com
The Chicago Transit Authority, which had been staring down the barrel of significant service cuts and fare hikes, has found a temporary reprieve. On Thursday, The Regional Transportation Authority Board, which governs the transport trio of the CTA, Metra, and Pace, gave the green light to a plan redirecting about $74 million in funds from Metra and Pace to the CTA, as reported by FOX 32 Chicago. This decision aims to stave off the CTA's impending budget woes for another year.
In a move that has disability advocates up in arms, the strategy to sidestep immediate financial troubles was criticized for putting programs for vulnerable riders at risk. "None of these are easy decisions and it's really just trying to look at the available monies that are available, the legal obligations of the services that the three operators are required to provide and balancing all of that out. And they're all very difficult decisions," RTA Executive Director Leanne Redden conveyed to FOX 32 Chicago. Despite the grim outlook, the measure sailed through with minimal fuss, largely buoyed by the prospect of a $1.5 billion state bailout that has been signaled by Governor J.B. Pritzker and state lawmakers.
Officials anticipate the $74 million shuffle to be only a band-aid solution, with expectations for reimbursement once the proposed state funding comes to fruition. According to CBS News Chicago, the CTA, Metra, and Pace are staring down a combined $771 million shortfall for the following year. Without a new injection of cash from the state, commuters could see service cuts of up to 40% in 2026.
The Illinois Senate has given the nod to a funding strategy that involves slapping a $1.50 tax on delivery services, such as Amazon and Uber Eats, among others, and introducing a new levy on electric vehicles. However, these measures have hit a brick wall in the House, which hasn't voted on them. Still, key Democrats are expressing confidence a funding resolution will be passed during the fall veto session, potentially putting off service cuts until mid-2026 and providing a longer runway for solutions that could prevent the draconian cuts entirely.
As the lawmakers wrangle over future funding packages, the CTA's more perilous financial standing has necessitated this monetary maneuvering, granting legislators additional time to solidify their plan. Meanwhile, the metropolitan populace that depends on these transit systems continues to wait, hopeful for a solution that keeps the city moving without interruption.
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