Regional transit overhaul redirects fuel sales-tax, cuts farebox target and creates new oversight body At a McHenry County PTAC meeting, RTA and Pace representatives outlined a recently passed state law that redirects motor-fuel sales-tax revenue to transit, reduces the regional farebox recovery requirement from 50% to 25%, creates a new oversight body (referred to in the meeting as NEDA/NITA) and provides new operating and capital funding streams.

Big changes are coming to regional transit with new funding streams, reduced farebox targets, and the creation of an oversight body that will shape the future of transportation!

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New House amendment on SB2111 would reshape regional transit board, add new revenue tools County staff briefed the committee on a newly filed House amendment to S.B.2111 that would create a successor regional transit board with 20 members, a 12-vote threshold plus 2-of-4 subgroup requirement for key actions, and multiple proposed new revenue sources including a 0.25% regional sales-tax increase, a streaming-service tax, a billionaire ("

A groundbreaking House amendment to S.B.2111 could transform regional transit governance and introduce new funding sources, including a potential "billionaire tax."

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