Bus

Transit incentive program introduced in Chicago's Cook County

Posted on December 8, 2011

The Transit Ridership Incentive Program (TRIP) will provide up to $1,700 to Chicago's Cook County businesses that enroll employees in a pre-tax transit benefit program. Commuters can save between 30% and 40% on their commuting costs by purchasing transit fares before taxes.

The incentive program has $250,000 made available through the American Recovery and Reinvestment Act (ARRA), and the limited funds will be disbursed to employers on a first come, first served basis.

"With the rising cost of gas, public transportation is the most common-sense approach today. This latest initiative makes it easier and even more cost-effective to travel by bus or train," said Joe Costello, Regional Transportation Authority (RTA) executive director.

Employees typically earn their income, are taxed, and then purchase transit to get to work. Those enrolled in a pre-tax transit benefit program can purchase transit fare before being taxed, which lowers the amount of their taxable income. The transit program is not unlike making contributions to a 401(k) retirement plan. Depending on their transit costs and tax bracket, employees can lower their tax burden by hundreds of dollars per year.

In addition to saving people money, the program encourages people to commute via mass transit, which is typically cheaper and less polluting than driving. Transit riders can save significantly by using public transit instead of driving. Fares for the CTA, Metra, Pace, Amtrak and the Northern Indiana Commuter Transportation District are eligible for pre-tax purchase.

Funding for TRIP is made possible by ARRA through its Energy Efficiency and Community Block Grant program. The Cook County Department of Environmental Control is administering the program in coordination with the Center for Neighborhood Technology and the RTA.

 

View comments or post a comment on this story. (0 Comments)

More News

Boston bus driver accused of assaulting snowball thrower

The driver is being charged with assault and battery by means of a dangerous weapon. He was on duty during the Tuesday night incident in Lynn’s Central Square, but an MBTA spokesman did not specify if he was driving the bus at the time

Detroit bus driver falls asleep at the wheel crashes 8 vehicles

The driver was charged with a misdemeanor traffic violation on Wednesday and could face 93 days in jail.

Maine school district likely to have students use public transit

Starting this fall, the roughly 2,000 students at Portland's three high schools will receive a Metro pass.

Allison,Cummins hybrid-electric system recieves CARB certification

Allows sales of model year 2015 Allison H 40/50 EP™ hybrid propulsion system paired with the Cummins ISB6.7 and ISL9 diesel-electric hybrid engines for transit buses and coaches.

N.Y. MTA expands courtesy ads to bus system

The campaign is similar to the one developed for subways, with the focus on reminding passengers that avoiding certain behaviors can ensure a faster and more pleasant ride for everyone. Reminders include step aside to let others off first; remove your backpack; and don’t clip your nails on the bus.

See More News

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close