At the November 2015 Board of Directors meeting, Metra approved a $945.5 million budget that provides for $759.8 million in operating costs and $185.7 million to fund capital improvements in 2016.
Last year, when Metra announced a $2.4 billion 10-year modernization plan, the agency had projected that it would likely need a 5 percent increase in fare revenue in 2016, including 3 percent to cover expected inflationary operating costs. Metra was able to cover inflationary cost growth with $5.7 million in budget efficiencies, lower gas prices and higher regional sales tax receipts. Therefore, the agency has approved a 2 percent net increase in fare revenue instead of 5 percent to generate $6.5 million in new revenue. This fare increase, as shown on the 2016 Fare Tables, will pay for the new operating costs for the federally mandated and unfunded Positive Train Control (PTC) safety system and help fund a bare-bones capital budget. Even with this increase, Metra’s one-way and monthly fares remain the lowest of any of its peer railroads in the nation.
Beginning in February 2016, Metra customers who buy one-way tickets will pay a quarter more per ticket. If these customers take the train 30 times a year, they will pay an additional $7.50 annually to ride metra.
- Metra customers who buy 10-Ride tickets will pay $1.75 more or 17 cents more per trip. If these customers ride the train to work about half the time, they will pay $3.50 more per month and $42 more per year.
- Metra customers who buy monthly tickets will pay $2.50 more per month. Assuming most of these customers use Metra to commute full-time to work each month, they will pay about 12 cents more per day and $30 more per year.
- Other fare increases include an additional 75 cents on the reduced fare 10-Ride ticket and $1.25 on the reduced fare monthly ticket.
- 2016 Fare Tables
- Message from our Board Chairman and Executive Director/CEO can be viewed here.
- Information about the 2016 proposed budget overview can be viewed here.
- Information about the 2016 proposed fare increase can be viewed here.
- Information about proposed operating budget can be viewed here.
- Information about the proposed capital program can be viewed here.
- Information about the modernization plan can be viewed here.
- The 2016 budget press release and schedule for public comments can be viewed here.
- Comments about the 2016 budget can be sent to email@example.com, faxed to 312-322-7094, or mailed to: the Assistant Secretary to the Metra Board, Room 1300, 547 W. Jackson Blvd., Chicago, Illinois 60661.
- Chicago Union Station Webcast Event can be viewed here.
- 2016 Public Comments
- 2016 Budget Book