Posts tagged "2012 CTA budget"
The CTA released a proposed 2012 budget today with no fare hikes or services. Instead, it relies on other cuts – especially in union work rules and pay – in closing the $277 million deficit announced earlier, Crain’s Chicago Business is reporting. See more coverage in CTA Tattler later.
With Tuesday’s announcement of a $277 million deficit, the CTA has set the stage for tougher union negotiations and an inevitable fare hike in 2012. Union contracts expire at the end of this year, and CTA President Forrest Claypool minced no words Tuesday in pinning most of the blame for the deficit on “archaic work... Read more »
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