The Chicago Tribune is reporting, “The Pace board of directors approved a budget on Wednesday that will raise fares next year by a quarter a ride.
Pace, the bus service primarily serving the suburbs, has not had an overall fare hike since 2009. The increase approved Wednesday will apply to both regular and paratransit fares. Fares for a regular bus trip will rise from $1.75 to $2.
Pace plans no service cuts.
All three local transit agencies — Metra, the Chicago Transit Authority and Pace — are facing about $76 million in cuts next year under the state budget, according to the Regional Transportation Authority, the state oversight and planning agency. That includes $24 million lost because of a new 2 percent handling fee the state is charging local governments to manage sales tax revenues, which make up a part of the agencies’ budget, and a 10 percent reduction in the state’s Public Transportation Fund…”