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Illinois Lawmakers Propose Tax Hike to Save Transit Services

10/30/2025

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Summary

Story summary

Illinois lawmakers push a new transit funding bill to address a looming fiscal crisis for mass transit agencies.
It includes a 7% amusement tax on streaming services and large events, a $5 surcharge on tickets for events with over 10,000 attendees, and a 4.95% tax on billionaires' unrealized gains.
The bill aims to generate $1.5 billion to prevent service cuts and layoffs as federal COVID relief expires.

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Story summary

Illinois lawmakers push a new transit funding bill to address a looming fiscal crisis for mass transit agencies.
It includes a 7% amusement tax on streaming services and large events, a $5 surcharge on tickets for events with over 10,000 attendees, and a 4.95% tax on billionaires' unrealized gains.
The bill aims to generate $1.5 billion to prevent service cuts and layoffs as federal COVID relief expires.