Chicago's public transit system is facing a critical financial challenge, as highlighted at the recent "Chicago at a Crossroads" executive forum organized by the Chicagoland Chamber of Commerce. The event, held on May 5, brought together transit experts, policy veterans, and business leaders to discuss solutions for the impending fiscal cliff that threatens the city's transportation network.
Without intervention, significant service reductions across CTA, Metra, and Pace are anticipated in 2026. This could leave many workers without commuting options and result in the loss of nearly 3,000 transit jobs. Morgan Smith from The Harris Poll presented survey findings indicating that while transit is vital for regional economic health, public confidence remains fragile due to complex funding issues.
Michael Arndt of The Harris Poll noted: “There is great support for the system generally. Residents think very highly of the system we have here.” However, he added that many people do not use public transit because they find it impractical for their needs.
The panel discussion was moderated by Jack Lavin, CEO of the Chicagoland Chamber. Kirk Dillard from the Regional Transportation Authority emphasized the economic impact of transit funding: “We’re asking for $1.5 billion dollars, but we produce $2.5 billion dollars in economic activity.”
Carole Brown, former CFO of Chicago and past CTA Chair, stressed the need for clarity on financial foundations: “The State of Illinois has in its statute a required recovery ratio for the operating units... That is partly an acknowledgement that the system can’t charge fares sufficient to pay for operations.”
Safety and reliability were also discussed. Brown pointed out reductions in staffing and police presence due to cost-cutting measures: “Managing the system efficiently means that costs had to be cut...we reduced tremendously the transit police force.” Dillard added: “New York has 20 times as many police officers on their system than we do.”
Despite increased ridership post-pandemic, adapting to new work patterns remains essential. Dillard stated: “Riders want more frequent and reliable service.” However, finding a funding solution poses challenges as Arndt explained: “When offered suggestions to pay for increased funding to transit...there’s just no support” for tax revenue increases.
The forum concluded with calls for business community involvement in advocating for transit funding. Dillard urged: “Everyone has a stake in mass transit...Talk to your legislators and local officials.” Brown echoed this sentiment: “If enough people speak up, it will let legislators know the importance of this issue.”
Survey insights from The Harris Poll revealed that a majority of Cook County residents use public transportation regularly and support efforts to improve and expand it. However, there is limited willingness to fund these improvements through tax increases.
As Chicago faces this pivotal moment for its transit future, action is needed now to ensure a connected and economically vibrant region.