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Fri Mar 26, 2021, 09:42 AM

Pandemic drop in drivers, riders cost IL and transit agencies more than $1 billion in lost revenues




Fewer drivers on the roads and passengers on trains and buses during the COVID-19 pandemic have cost Illinois more than $1 billion in lost transportation revenues, a study has found.

That includes the loss of $308 million in expected motor fuel taxes, which means less money for the state, counties and cities for transportation projects, according to the study from the Illinois Economic Policy Institute.

CTA, Metra and PACE fares and sales tax receipts were down nearly $750 million, the study found.

But it could have been worse. ..............(more)

https://www.masstransitmag.com/management/news/21215994/il-pandemic-drop-in-drivers-riders-cost-illinois-and-transit-agencies-more-than-1-billion-in-lost-revenue-study-shows




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