The CTA today released a proposed budget for 2015 that holds the line on fares and adds trains at rush hour on four of the agency's eight rail lines.
Under the $1.44 billion budget, the CTA is expecting rail ridership to grow by more than 2 million rides over this year. And it will add additional rush hour trains on the Red, Blue, Brown and Orange lines.
In the news release CTA President notes: "After inheriting a $308 million deficit in 2011, we have presented four straight years of balanced budgets." I do give him credit for his budgetary stewardship. The release also notes that capital investments will continue into 2015:
- Work is under way on a new 95th Street Terminal, a $240 million project that will expand and upgrade the 95th/Dan Ryan station.
- Work has also begun on the reconstruction of the Wilson Red Line station into a modern Red-Purple transfer station,.
- Construction continues on the new Cermak/McCormick Place station on the Green Line.
- In 2015, the CTA will continue its $71.2 million Ravenswood Connector project to significantly upgrade track and related rail structure between the Chicago and Armitage stations on the elevated Brown and Purple Express lines.
A public hearing on the proposed budget will be held at 6 p.m. on Monday, Nov. 17, at CTA headquarters, 567 W. Lake Street, second floor conference room;
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