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;
And, never miss a post! Subscribe now to receive CTA Tattler via email. Type your email address in the box and click the “create subscription” button. My list is completely spam free, and you can opt out at any time.