Citing financial woes, Cook County President Toni Preckwinkle is threatening to cut county funding of the Chicago Transit Authority by about two-thirds, from $2 million a year to $675,000, according to a Sun-Times report.
Preckwinkle suggested that the city of Chicago should increase its funding commitment. But methinks she's barking up the wrong tree:
"I think there’s a possibility for the city to up its commitment,” Preckwinkle, a former Chicago alderman, told the Sun-Times on Friday. “When I was a member of the City Council, I consistently argued that the city needed to contribute more to CTA on an annual basis — and city riders are the principal users of CTA.”
The city of Chicago contributes $3 million per year to the CTA. But the CTA also notes that the city provides at least $25 million in other services to the CTA, such as police and fire coverage.
The CTA board is set to approve its proposed 2012 budget a a special meeting Tuesday. So it will be interesting to see how this plays out.