The Regional Transportation Authority board on Monday approved a sales tax increase for the Chicago area that will generate $400 million in additional operating aid for transit systems and funds for other suburban projects. The action followed the Illinois General Assembly’s recent approval of the plan.

“Today is a great day for the region and for the millions of people who depend on our transit system,” board chairman Jim Reilly said in a statement. “Not only have we instituted a new funding plan that will fund the day-to-day operations of the system, but we have also instituted an important series of reforms that will make the system more efficient and effective.”

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