Here’s the headline from Capitol Fax, which explains it all:
RTA put temporary federal bailout money into its base spending, and now it faces a huge fiscal cliff
One does not build one-time money into the base of a governmental budget, says me, a former Budget Examiner with the United States Bureau of the Budget.
Here’s what the tax eaters at the Regional Transportation Authority propose:
- higher taxes on sales,
- motor fuels or
- extending the existing RTA sales tax to cover more services;
- a 5% boost in tolls on the Illinois Tollway; and, more long term,
- a congestion tax or
- tax on miles driven.
If you want a longer discription, you can find it here.
For more background, read these articles: