Civic Federation Raises Red Flag On Future Solvency of State Transit Agencies

The watchdog group is out with a 62 page analysis of the state’s proposed FY20205 budget. It notes that Governor Pritzker’s $800 million in tax changes will help close the state’s budget deficit, but that any more could overwhelm taxpayers. If left unchecked, the report says the CTA, PACE and Metra face an over $700 million deficit as soon as 2026. Reset learns more about the impact this could have on Chicago area transit riders from Joe Ferguson, president of the Civic Federation. For a full archive of Reset interviews, head over to wbez.org/reset.

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