Metra is proposing a $1.1 billion operating budget for 2025 that will continue to rely on federal COVID-19 relief money as riders — and the revenue they generate — have returned slower than the commuter rail agency expected. But the federal aid is expected to run out in 2026, leaving Metra with budget holes that year and the following year that are expected to run into hundreds of millions of dollars. The good news for riders is Metra is not planning to raise fares in 2025, after revamping the fare structure during last year’s budget process.
Metra Proposes $1.1 Billion Budget For 2025, As Fewer Riders Return Than Expected
Sarah Freishtat, Chicago Tribune: Business
Thu, 10/10/2024 - 2:22pm
Topics: covid-19 metra executive director jim derwinski union pacific metra electric line indiana i cta pace regional transportation authority springfield illinois general assembly we ll this so november metra riders return expected billion budget million year money agency fare passengers commuter rail federal fares bring run holes service dollars hole transit plug pandemic earlier cuts projecting estimates good agencies number slower zones structure continue planning rides news leaving construction revenue members expects operating generate board budgets projects proposing relief costs
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Metra is proposing a $1.1 billion operating budget for 2025 that will continue to rely on federal COVID-19 relief money as riders — and the revenue they generate — have returned slower than the ...
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