Upon adoption, the fare increase will generate $23 million for CTA operations, while the capital budget includes a new revenue stream from ride-hailing fees that will pay for projects that improve CTA infrastructure and service.
American spending on transportation drops by 11.3% since 1989
While transportation costs accounted for the second-largest household budget category behind housing expenses in both 1989 and 2016, transportation expenditures relative to housing costs declined from 61.6% in 1989 to 47.9% last year.
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