Tag: budget

CTA to use about $80 million in savings to balance budget while it negotiates with unions

I had wondered recently how the CTA could release its budget without knowing the results of union negotiations. The CTA hopes to get $160 million from union talks via “anticipated work rule reforms, health care benefit changes and restraint in wage growth consistent with other metropolitan transit agencies,” according to a press release. Last week we... Read more »

Poll on closing CTA budget gap: Should unions pay? More front-office job cuts? Small fare hike?

To balance the 2012 budget with no fare hikes or service cuts, the CTA is asking its unions for $160 million in “anticipated work rule reforms, health care benefit changes and restraint in wage growth consistent with other metropolitan transit agencies.” The union so far is balking at that. What do you think? Take the... Read more »

Compendium of CTA budget coverage

Kind readers, please note: I wrote four posts on the budget, and I know you’ll want to read them all: CTA’s proposed 2012 budget by the numbers   Claypool uses different CTA budgeting strategy from Rodriguez under similar circumstances   CTA’s examples of “antiquated” union work rules   Let your voice be heard on CTA... Read more »
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CTA's proposed 2012 budget by the numbers

Following are some of the details from the CTA’s proposed 2012 operating budget. Source for these figures is the “President’s 2012 Budget Recommendations.” Total operating budget: $1.24 billion, representing a 5.1% decrease ($66.2 million) versus the 2011 revised budget. To fill the $277 million budget gap announced in early October, the CTA cut 200 non-union... Read more »

Let your voice be heard on CTA 2012 budget at hearings

Got an opinion on the proposed 2012 CTA budget? Share with the board and bossed at one of these three budget hearings. All venues are accessible. All meetings start at 6 p.m. Tuesday, Wednesday, Nov. 2 Westinghouse High School 3223 W. Franklin Blvd. Monday, Nov. 7 Chicago Transit Authority Headquarters 567 W. Lake Street Thursday,... Read more »

Claypool uses different CTA budgeting strategy from Rodriguez under similar circumstances

CTA President Forrest Claypool is trying a different strategy than his immediate predecessor in announcing his proposed operating budget for 2012. Former President Richard Rodriguez faced very similar circumstance two years ago as he prepared his 2010 budget – crappy economy, sagging tax revenues, a state legislature loathe to lend any more help, and all... Read more »
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CTA's examples of "antiquated" union work rules

The CTA listed eight examples of what it calls “antiquated” work rules in the press release announcing its proposed budget Wednesday. In reading them, some seem just silly. The unions may have a rough time explaining why any of these should be kept. But I welcome union officials or members to comment or email me... Read more »

Rahm to fund CTA improvements with downtown "congestion" parking tax

Mayor Rahm Emanuel’s 2012 budget suggests imposing a new $2 “congestion premium” on all drivers parking in downtown parking garages and lots on weekdays. Total city tax would be $5. The extra $2 would fund currently unspecified CTA improvements  be used to rebuild two unnamed L stations downtown and to fund the bus rapid transit... Read more »

Proposed Metra fare hike sets bar for CTA increase at about 25%

Now that Metra has proposed an average fare increase in 2012 of almost 30%, the CTA would look good by comparison if it suggests a 25% increase to avoid red ink next year. CTA last raised its fare in 2009. Bus fares went up by 25 cents, and 25 or 50 cents for rail fares,... Read more »
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Like Metra, CTA should ask its riders for opinions on solving budget shortfall

While all three area transit agencies are facing budget deficits for 2012, Metra is engaging its riders in helping decide the awful solutions. And I think it’s a tactic that the CTA should try. On its website, Metra calmly lays out the reasons for the current budget shortfall for 2012, and they apply to the... Read more »