The RTA region encompasses a complex transit network of bus routes, urban and commuter rail lines, vanpools and paratransit service covering a six-county region in Northeastern Illinois.
The RTA plays a vital role in financing the region’s public transit system. The agency is responsible for overseeing the region’s operating budget and capital program including developing revenue estimates and forecasts of regional sales tax receipts, issuing bonds to provide funding for capital investments and approving and monitoring the annual budgets of each of the Service Boards. The RTA is also responsible for approving and monitoring the two and five year capital programs of each of the Service Boards, as well as conducting regular oversight audits to verify the Service Board’s financial information, evaluate compliance with statutes and regulations, develop assessments of program effectiveness and efficiency, and provide recommendations for improvements.
Announcement: RFP solicitation from the Regional Transportation Authority of Northeastern Illinois (RTA) for a $150 million Subordinated Working Cash Notes facility