It's official...
Metra board OKs fare hike
By Virginia Groark
Tribune staff reporter
Published November 11, 2005, 1:46 PM CST
Like their CTA counterparts, Metra riders will have to pay more to ride the commuter rail lines next year now that the agency's board has signed off on a 5 percent fare hike.
Without discussion, the board today unanimously approved its $536 million 2006 operating budget containing the fare increase.
Barring any objection from the Regional Transportation Authority, the fare hike would go into effect Feb. 1. It will be the first increase since 2002 and fifth in Metra's 21-year history.
Metra staff last month cited skyrocketing fuel costs and increased security expenses in recommending higher fares.
Diesel fuel bills for 2005 are expected to be $42.2 million, $15.5 million more than budgeted. Security costs for the year have been estimated at $16.5 million, $1.3 million above budget thanks in part to heightened security following this summer's train bombings in London.
Metra uses a distance-based fare system, meaning the cost depends on the length of the trip.
A rider who travels between Zone A and Zones C, D, or E will see the price of a monthly pass increase by $4.05 or $5.40, requiring them to pay $48.60 or $64.80 more a year. A one-way fare for someone traveling between those same zones would jump by 15 or 20 cents. Ten-ride passes would increase by $1.30 or $1.70.
The fare increases would be nominal for most Metra riders. But those who also use CTA bus shuttles between train stations and their places of work in downtown Chicago will see a far higher jump in their commuting costs.
The CTA board this week voted to double the shuttle fare, to $2 from $1 a ride, beginning Jan. 1. The weekly cost to ride the shuttles twice every workday will go to roughly $80 a month from about $40 currently.
Even with the fare increase approved today, Metra still would be short of funds for its operating expenses. To help cover the gap, Metra will use capital dollars to cover operating expenses, tapping $32.9 million in capital, up from $15.1 million this year.
--Dorian--