HB5751 Summary

• Requires the Chicago Transit Authority, Suburban Bus Board, and Commuter Rail Board to include specific line-items for revenues and expenses in budgets and 2-year financial plans submitted to the Regional Transportation Authority, divided into detailed categories established by the RTA Board.

• Grants the RTA Board authority to reduce or veto any item of appropriations in a Service Board's budget or financial plan by affirmative vote of 12 directors, with written objections returned to the submitting Service Board.

• Allows Service Boards 30 calendar days to restore vetoed or reduced budget items; if not restored within that period, items are approved in the reduced amount.

• Applies the same veto and reduction procedures to revised budgets submitted by Service Boards during the fiscal year in response to changed revenue estimates or operational conditions.

• Makes parallel amendments to the Metropolitan Transit Authority Act and Regional Transportation Authority Act to establish uniform budget review and veto procedures across all transit service boards.