RTA Board of Directors Approves 2017 Regional Transit Funding Amounts; Early Adoption for Second Year in Row
August 25, 2016
August 25, 2016
I am pleased to report that the RTA’s Board of Directors today approved the budgetary funding amounts to be allocated to CTA, Metra, and Pace for their 2017 operating budgets and five-year capital programs.
The approved operating funding amount is nearly $1.6 billion. In addition, the Board approved a $3.4 billion five-year capital funding plan comprised of federal, RTA, and Service Board funds. The capital funding plan supports expenditures to maintain and improve the region’s extensive transit infrastructure and vehicle fleets.
Today’s passage of the operating and capital funding amounts, in advance of full regional budget consideration in December, marks the second consecutive year that the RTA Board has adopted funding levels in August, a month ahead of the statutory deadline.
Early adoption of the funding levels provides the Service Boards with more certainty as they develop their 2017 operating budgets and capital programs. I want to specifically commend the collaborative efforts of the Service Board and RTA Budget and Capital teams. Ultimately, the region’s transit riders benefit from this cooperative spirit.
The region’s entire transit budget is scheduled to be voted on at the RTA Board of Directors’ December meeting.
Subscribe to our Newsletter
This month the RTA is celebrating the 30th anniversary of the Americans with Disabilities Act (ADA). The ADA transformed society and provided opportunities f...July 29, 2020
Do you or someone you know face transportation challenges? The Regional Transportation Authority (RTA) wants to hear from you about transportation issues and...May 7, 2020
The RTA is launching a four-part webinar series in place of the Annual Planning Workshop due to the ongoing COVID-19 pandemic. The free, virtual sessions wil...April 17, 2020
We are excited to announce that the call for projects for the RTA Access to Transit Program is now open. The RTA launched the Access to Transit program in 2...March 13, 2020
Each year the RTA celebrates Women’s History Month in March to recognize the women who work at, and ride, CTA, Metra, and Pace every day. The celebration coi...March 8, 2020
We’d like to hear your thoughts about public transit! The RTA is sponsoring a system-wide customer satisfaction survey and would like your feedback about yo...March 2, 2020