It’s not just Chicago. Downstate public transit agencies face funding challenges – Capitol News IL

The state covers up to 65 percent of expenses for downstate transit agencies. But because of rising costs and lackluster economic growth in downstate communities that hinders sales tax revenue, funding shortfalls are growing.
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The Railroader
1 year ago

I’ll give Ben Szalinski credit for this paragraph, summarizing the symptoms of the disease plaguing Chicago’s RTA: “Chicago area transit agencies face financial challenges as federal COVID-19 funds run out and rider patterns change thanks to work-from-home policies adopted during the pandemic. Rider fares are also no longer enough to cover half of the agencies’ revenue as required by state law.That requirement was suspended during the pandemic but is set to go back into effect this summer.” The financial shortfall the executive directors caused is merely the symptom. Just as congestion, fever, and headaches are symptoms, not an illness. The… Read more »

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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