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Article: Tax hike may resolve transit crisis.(Briefs)(Chicago, Illinois. Transit Authority)(Brief article)
- Article from:
- Crain's Chicago Business
- Article date:
- January 14, 2008
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Copyright informationCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Senate and House approved legislation authorizing a quarter-percent sales tax hike in the six-county Chicago region and an increase in the real estate transfer tax in Chicago to resolve the public transit crisis. The plan would raise nearly $500 million a year, enough to avoid threatened service cuts and fare hikes on Jan. 20 by the Chicago Transit Authority, Metra and Pace. Gov. Blagojevich demanded free rides for senior citizens ...
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......increasing the RTA's sales tax in the region...extending the sales tax to cover services. The RTA's current sales tax generates $700...of the Chicago Transit Authority, Metra commuter...afforded by the sales tax receipts. The...well as civic and ...
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