Category: 2016 budget

2016 budget requires no state "bailout," says CTA prez in letter

CTA President Dorval Carter Jr. last week made his case for “consistent” state funding for the transit agency in a letter to the Chicago Tribune: Some have recently — and mistakenly — suggested that CTA’s 2016 spending plan requires a “bailout” from Springfield. That’s simply not true. As we have for the last 31 years, we are... Read more »

No fare hike in 2016 CTA budget; state funding questions linger

It’s the ol’ good news/bad news story. Good news: The CTA is projecting no fare hike in its 2016 budget. Bad news: The CTA is relying on lots of help from the state, which is certainly not guaranteed. The $1.475 billion operating budget also maintains service, and improves it in some cases. However, it also... Read more »