Austin Busch transit series

After more than a year of negotiations and debate, transit revenue and reform failed to pass the state legislature by the budget deadline on Saturday, May 31. There are still options to avert the transit fiscal cliff, though they require a higher threshold to pass. Local transit agencies must dedicate significant resources to preparing for difficult service cuts in the meantime.

We're in the eleventh hour for the state legislature to address the looming $771 million Chicagoland transit fiscal cliff. The end of the regular legislative session is this Saturday, May 31, and transit budgets that need to be in place by the end of fall. Facing increasing labor costs, slow ridership recovery, and a state-imposed farebox recovery ratio of 50 percent, the options are either to reach a state agreement on additional funding, or balance the budget through a combination of service cuts and fare increases.