Will Uber and Lyft customers fund investments into Chicago’s public transport system? Image source: Shutterstock (#84639565).
Mayor Rahm Emanuel of Chicago announced a plan to raise taxes on Uber and Lyft rides during the course of the next two years to channel funding into CTA improvements. The curent 52 cent fee for Uber and Lyft riders will be increased to 67 cents in 2018 and then again in 2019 to 72 cents.
In case of approval by the City Council, those increases would amount to about $16 million in 2018 and $21 million in 2019 for the CTA to benefit from. Speculations are that the change is intended to be a draw to Chicago for Amazon, which is looking for a city to build a second headquarters in.
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