One funding proposal is to increase the federal gas tax, which has been 18.4 cents a gallon since 1993. Twenty-two years ago, the price of gas at the pump was a little over a $1 a gallon. If the gas tax had been indexed to inflation when it was last increased, it would be approximately 30 cents a gallon today. Congress set this tax rate to ensure enough funds for the Federal Highway Trust Fund to keep our roads and bridges in good repair. Most of the funding goes to build and fix our roads, bridges and highways; about 14 percent goes to our public transportation systems. Our highway and transit needs are growing and it’s time for our state and federal legislators to pass long-term, sustainable legislation that provides the funding needed to maintain and expand our excellent transit system. Studies show that every dollar invested in public transportation generates $4 in economic returns.
The RTA’s credit rating is among the best in the public sector and 2008 RTA legislation produced the only substantive public employment pension reform that continues to be successful for the CTA. The RTA region’s system has the lowest operating cost per passenger mile of our peers and ranks second highest in fare per passenger trip of our top 10 peer regions. We rank third in our peer group for traveling the longest distance in service without experiencing major mechanical failures, even as 30 percent of our vehicles are in need of replacement. We are investing our limited resources wisely. Whether it’s new rail cars for Metra and CTA, buses for CTA and Pace, bridge and track work, or station modernization, our region’s capital funding needs are real. I call on those who can to make the tough choices and help us all do as the Sun-Times demands: “Build a transit network for the future.” Where transit goes, community grows.