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

NJ TRANSIT awards New Flyer $65M contract for new artic buses

This purchase is a “one for one’’ replacement of NJ TRANSIT’s aging articulated bus fleet as it reaches the end of its expected service life.

METRO opens Call for Papers for BusCon 2019

The show returns to the Indiana Convention Center in Indianapolis Sept. 23 to 25.

Proterra names Walsh sr. VP of sales

Most recently, Walsh was president/COO of Davey Coach Sales Inc.

MBTA expands Boston’s electric hybrid footprint with New Flyer buses

Since 2002, New Flyer has delivered over 750 buses to MBTA, including diesel-electric hybrids and CNG buses.

MCI kicks off its biggest product, service year at UMA Expo

The schedule includes a smaller coach, accessibility, and battery-electric propulsion options.

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