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Hot topics State Legislature| Labor| Taxes|
News Thursday May 31st, 2012, 10:58am

$80 Million In One-Time Savings Keeps CTA On Track

The annual ritual of the Chicago Transit Authority raising the specter of fare hikes or concessions from labor ended yesterday with CTA leadership stating neither was needed for now. CTA, which operates the vast majority of the city's trains and buses, said they found $80 million in one-time savings, while CTA President Forrest Claypool acknowledged that a long-term budget plan has not been made. "All the tricks in the trick bag are gone," Claypool said.

However, the CTA is finding new revenue tricks. The transit authority is on the hunt for corporations who will pay to put their name on 11 of the system's transit stations.

Sources

  • Chicago Tribune
  • Chicago Tribune

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Categories

  • Transportation

Tags

  • budget
  • Chicago Transit Authority
  • Corporate Businesses
  • Regional Transportation Authority

Public figures

  • Forrest Claypool

Level of gov't

  • City of Chicago

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