To: dearolddad
How much of Metra's operating expenses were subsidized by tax payers?
This is all I could find quickly. It is from the 2008-2009 budget.
The RTA sales tax is 1.25% in Cook County, and 0.75% in the collar counties. One-third of the sales tax collected in the collar counties (i.e. 0.25%) is distributed directly to the counties and the county boards may use that money for transportation or public safety purposes.
A new distribution of revenues is prescribed, essentially leaving the distribution of the sales taxes collected at the old rates as is (by references to "85% of 80% of the receipts from those taxes collected within the City of Chicago" and the like) and then, after certain funds described below are set aside, the remainder is allocated 48% to CTA, 39% to Metra and 13% to Pace.
Of course you need a lot of money when your CEO is forging signatures of the board of directors and embezzling something around half a million dollars. We will never know how much he took because before he could testify he stepped in front of a METRA train and got splattered all over the roadbed. Funny how often that happens in Chicago.
92 posted on
10/14/2010 4:58:09 PM PDT by
GonzoGOP
(There are millions of paranoid people in the world and they are all out to get me.)
To: GonzoGOP; All
Plus the state of Illinois has to bail out Metra..
101 posted on
10/15/2010 3:38:25 PM PDT by
KevinDavis
(President Obama: The Crybaby in Chief...)
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