Management & Operations

Chicago Transit approves $1.475B budget with no fare hikes

Posted on October 27, 2015

The Chicago Transit Authority (CTA) proposed a balanced $1.475 billion operating budget that — for the fifth year in a row — holds the line on base fares and maintains or improves service, while continuing historic investment to modernize the CTA and improve the customer experience.

The 2016 budget introduces, builds on and accelerates several new initiatives, service improvements, and technology upgrades to benefit riders and improve the customer experience.

Additionally, the agency in 2016 will continue with the more than $5 billion in system-improvement projects completed, begun or announced by Mayor Emanuel since 2011, including rehabilitating rail stations and building new ones, modernizing rail and bus fleets, adding new technologies to improve the commuting experience, and bringing the agency’s massive infrastructure into a state of good repair to improve reliability and safety. For a fifth straight year, the CTA will not transfer capital funds to cover operating costs.

“Over the last four years, Mayor Emanuel’s investment in Chicago transit has provided CTA customers with improved, more reliable and affordable transit service, and I am committed to continuing that work,” said CTA President Dorval R. Carter, Jr. “Equally important with keeping up with meeting the needs of our customers is to continually find ways to do so more efficiently and cost-effectively. I look forward to continuing the many improvements the CTA has made thus far, and exploring new and even better ways to provide vital transit services to our customers.”

CTA customers in 2016 can look forward to many new and enhanced services:

  • The new Ventra app, launching in 2015, that will seamlessly integrate fare payment across CTA, Metra and Pace.
  • 4G wireless through CTA’s 22 miles of subway tunnels.
  • Return of express bus service to Western and Ashland, two of three of CTA’s busiest bus routes.
  • Launch of Loop Link, better connecting 30,000 bus customers to the Loop each weekday with faster, more efficient service.
  • Continuing to pursue next-generation rail cars, the 7000-series, to provide a more modern, reliable rail fleet as rail ridership grows.
  • Overhauling or replacing nearly CTA’s entire fleet of buses.
  • Continuing to grow advertising revenue to offset operating costs and keep fares affordable for customers.
View comments or post a comment on this story. (0 Comments)

More News

Fed judge green lights audio recording on Reno RTC buses

The local bus driver's union, which has been fighting the move for more than three years, intends to appeal the decision.

L.A. Metro to invest $9M in affordable housing near transit

The Metro Affordable Transportation Connected Housing Program is part of a public-private partnership to loan money to developers to build more affordable housing within a half-mile of transit lines, which in turn could encourage more ridership.

Mich.'s TheRide to launch new on-demand microtransit program

The service is open to the public and operates Monday through Friday from 9 a.m. to 5 p.m. and is $1 per trip (one-way), with discounts available for those who qualify.

First Transit names new chief operating officer

In this newly created position, Beverly Edwards will be responsible for the direction and oversight of all transit contracting and transit management daily operations.

Uber loses license to operate in London

TfL considers that Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues, which have potential public safety and security implications.

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