Here are some news items gleaned from reports presented at last week’s CTA board meeting.
Revenue down, but so are expenses. Total revenue through July was about $860,000 lower than budgeted. But the good news is that expenses are about $1.5 million less than budgeted. Source.
Ridership down for year. CTA ridership systemwide through August is down slightly for the first time this year. Ridership saw a 0.5% dip. Bus ridership was down 2.6%, while rides on the rail were up 3%.
Details on stimulus fund spending. President Richard Rodriguez gave the board these details on total spending by the CTA from U.S.. stimulus dollars:
Dearborn Blue Line Ties – $87.8M
Hybrid Buses – $50.0M
Bus/Rail Car Rehab – $75.2M
Subway Escalators – $4.9M
Kedzie Boiler and Heater – $5.5M
Belmont/Fullerton Canopies – $1.9M
Cermak Station – $12.5M
North Park Oil/Water Separator – $2.4M
TOTAL – $240.2M