At the halfway point through the year, the CTA is reporting that total revenue exceeds budget by about $6 million, while total expenses are about $30 million less than budgeted. That's after some belt-tightening, layoffs, and furloughs, among other cuts.
This post details some of those cuts. CTA President Richard Rodriguez also told the board that he saved $3 million by:
- Deferring budgeted merit increases of abot 3% for non-union employees.
- Taking away from upper management pay for the remaining standard holidays.
- Forcing vice presidents and above to take three unpaid furlough days this year.
Form the report:
"An analysis of July ridership shows that weekday rush period ridership is down on both bus and rail; however, weekday off-peak ridership has increased on the rail system. Weekend ridership on the rail system has also increased."
8 Comments
michael said:
Could it be because less people have jobs to commute to? I did notice that weekend ridership is also still up. It seems that it's just rush hour that is down.
R.A. Stewart said:
That's what I suspected too when I saw the figures. Fewer jobs overall, and it wouldn't surprise me if job losses in the city were heavier than in the suburbs.
MK said:
"Could it be because less people have jobs to commute to?"
Ya think?!
michael said:
Actually, I don't think, I'm just guessing. As it isn't stated as a finding. Nor is it mentioned in the article. So yeah, I obviously DO think. I wrote it. Who put you on the horse?
MK said:
Michael,
Maybe English isn't your first language and you are not aware of our common expressions(though that would be unusual with a name of Michael). But "ya think" is a sarcastic phrase used to make the point that the statement made was obvious.
Pestilence said:
My explanation is fewer jobs downtown to cause the decreased weekday rush period ridership, and more people taking the train rather than a cab on the weekend because they are either out of a job or are cutting back and don't want to pay cab fare. Also, the parking meter situation is probably playing into that.
glg said:
Not surprised to see rail up with the brown line mess coming to an end
MK said:
There were a number of other things that also came to an end that undoubtadly had a bigger impact on ridership than the brown line three-tracking.
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