Today the Regional Transportation Authority began the 2007 budget process by adopting operating and capital funding marks for CTA, Metra, and Pace. The RTA Chairman and the executive directors of all four agencies held a press conference and issued a joint
statement (PDF). Read the whole thing, but here are some highlights:
Transit … makes our region globally competitive. Our quality of life and standard of living are significantly enhanced by our transit network. While demand for transit is up throughout the region, thanks in part to high gas prices, funding for transit has not kept pace.
We are now at a crossroads. Either we modernize our transit network or we shrink it.
This decision will be made in 2007. The good news is that leaders from throughout the region are coming together to make this decision in 2007. All of the service boards and the RTA are united and working closely together … Over 230 community organizations, businesses, labor unions and local governments have come together as Partners for Transit to lend their voices to the great debate on the future of transit to our region.
...For the 2007 budget, we face a large operating and capital shortfall, because there has not been any new state capital funding for transit since Illinois FIRST, and because operating funding has not kept pace with 21st century demand. For 2006 we stole more than $102 million in capital funds to keep the transit network running. No one wanted to do it.
… In 2007, all of the service boards have capital and operating deficits. The operating deficit alone is well in excess of $100 million. This demonstrates the need for a regional decision on our transit network. It is a big picture dialogue that needs to include residents and leaders from throughout Northeastern Illinois. The Moving Beyond Congestion project, launched July 25th at Union Station, is our way of convening that dialogue.
But the future of transit isn’t our decision to make. We don’t own the transit network. The $27 billion asset of trains and buses and vanpools and stations and tracks belongs to the people of Northeastern Illinois. And together, we all need to decide whether we are going to invest in this asset or shrink it. That’s what the Moving Beyond Congestion project is all about. We intend to build a regional consensus for significant improvement and expansion of transit that will pay large dividends for years to come in increased economic activity, less road congestion and increased consumer savings from our transit network.
If the region wants to shrink the transit network, we’ll live with that decision and manage the transition. But we think people need to know the tremendous benefits from our transit network before voters and elected leaders decide how, and how much, to invest in their transit network.