After the CTA raised prices for all of its passes in January, the transit agency is now reporting that revenue is about 2.5 percent less than budgeted, according to the Sun-Times.
CTA President Forrest Claypool told the CTA's board today that riders are switching to pay-as-you-go and away from passes. The seven-day pass increased 22 percent, from $23 to $28. If a rider just used the CTA to ride a train twice a day, five days a week, pay-as-you-go would cost $22.50, a $5.50 savings over the $28 pass price.
That kind of math makes it to see why riders are turning a cold shoulder to passed, particularly the seven-day pass.
Claypool insists that the reduced revenue is “not an issue” in a budget of $1.35 billion and said CTA will make adjustments accordingly, such as not filling vacancies, the Sun-Times reported.