This week, Chicago Transit Authority was able to stave off hiking fares thanks to a $166 million loan, which includes $15 million over two years in debt payments from the local government.

Across the nation transit agencies are scrambling to find ways to avoid cutting services and raising fares as they await a new transportation bill and continue to face various hurdles, including lower tax revenues and the increased struggle for local governments to generate funds.

As ridership continues to grow, or at least maintain some of its record numbers in the wake of rising fuel prices, it seems inevitable that agencies will have to raise fares just to help stem the flow.

Author

Alex Roman
Alex Roman

Managing Editor

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