Dorval Carter Jr., president of the CTA, heads to a news conference after riding the Yellow Line on Jan. 5, 2024. The Yellow Line reopened after being closed following a crash on Nov. 16, 2023.
Combined, the Chicago transit agencies face a $730 million deficit. If consolidation moves forward, the city could save $200 million to $250 million a year, after upfront costs.funding request for transit and at least $400 million annually in complementary capital investments — recommending new fees on drivers and expanding the sales tax to pay for it.
Everyday Chicagoans feel the pinch from higher transportation fares, fines and fees far more than a guy making more than $375,000 to lead the CTA into a hole. Lowering property taxes will encourage businesses to do their part too. With soaring rent costs, businesses can’t afford to bring employees into the office. When remote and hybrid jobs exist, no one wants to pay to commute. Businesses need to stay competitive. Offering transit stipends is becoming increasinglyworkers. Because it’s often minimum-wage earners and shift workers who don’t have the means to work remotely, transit stipends would alleviate a financial burden.
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