Bus

Chicago Transit releases 2014 budget recs

Posted on October 21, 2013

Chicago Transit Authority (CTA) President Forrest Claypool proposed a balanced $1.38 billion budget that maintains transit service and holds the line on customer fares, while continuing unprecedented investment in projects and programs to improve service and modernize regional transit.

The budget reflects the positive impacts of operational efficiency reforms by CTA management to reduce wasteful spending and manage day-to-day operations more efficiently. The budget also includes the 1,000 customer-facing jobs the CTA created in 2013 to better serve passengers.

The agency in 2014 will continue its ambitious $4 billion capital investment plan begun in 2011, including rehabilitating rail stations, modernizing rail and bus fleets, and bringing the agency’s massive infrastructure into a state of good repair to improve reliability and safety.

“The CTA has operated efficiently and responsibly with three straight years of balanced budgets after inheriting a $308 million deficit in 2011,” said CTA President Forrest Claypool. “We’ve done so through rigorous management reforms that have reduced waste and trimmed spending, while upholding service and fare levels for our customers and creating permanent jobs that better serve passengers. Our new collective bargaining agreement with CTA labor unions has also contributed significantly to the financial turnaround, allowing us to reduce costs while also adding good service-providing jobs for union members.”

The CTA continues its strong financial performance despite the negative effects of state budget cuts and higher unfunded state mandates for everything from health care and pension costs to free and discounted rides.

The budget reflects management reforms previously put into place, including modernizing supply chain operations to better track purchases and inventory and achieve lowest-cost pricing. It also includes progress in lowering absenteeism, which has declined in 2012 and 2013 and is estimated to save the agency $10 million a year.

 

View comments or post a comment on this story. (0 Comments)

More News

Fla.'s JTA launches First Coast Flyer Blue Line BRT service

The 11.1 mile Blue Line on the Southeast Corridor features direct, high-frequency service; seven branded stations; transit signal priority at 18 intersections; and off-board fare collection.

BusCon opens 2017 Call for Papers

The deadline to submit your presentation idea is Jan. 20, 2017.

Man steals MTA bus from Staten Island depot again

The Staten Island resident took the bus on a nearly four-mile joyride, before abandoning it on a corner. It was unclear if he picked up or dropped off any passengers during his route.

TAPTCO, MSTCO create course to help drivers pass CDL test

The course is available in hard copy containing seven interactive CDs together with a trainer’s guide, a driver’s study guide, and a book of practice tests. Alternately, the course is available over the web through a learning management system, so that applicants can go through the training and practice tests from any location.

Canada's London Transit adding 28 New Flyer Xcelsior buses

The award is part of a contract extension from a Nov. 13, 2014 LTC contract, awarded to New Flyer, whereby a one-year extension on the contract was exercisable at the discretion of LTC.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close