IL: Tax Revenue Surge Fuels Increase in Transit Agency Budgets

    Aug. 21, 2014
    A boost in the six-county sales tax receipts is more than compensating for the operating hit January’s bitter cold caused the region’s transit agencies and should fuel fatter 2015 transit budgets, officials said Wednesday.

    Source Chicago Sun-Times

    A boost in the six-county sales tax receipts is more than compensating for the operating hit January’s bitter cold caused the region’s transit agencies and should fuel fatter 2015 transit budgets, officials said Wednesday.

    Regional Transportation Authority officials said they expected regional sales tax revenues to grow 4 percent next year as they proposed doling out a 5.2 percent increase in 2015 operating funds to the CTA, Metra and Pace ...

    Read the entire article at http://politics.suntimes.com/article/chicago/tax-revenue-surge-fuels-increase-transit-agency-budgets/wed-08202014-742pm