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The board also authorized the MTA to schedule public hearings regarding some of the service changes included in the budget. The budget does not include a fare increase in 2010, adhering to the schedule identified with the Legislature in the spring.
Read More →Proposal addresses a $383 million gap that had developed over the past two weeks due to several significant unfavorable developments, including a $143 million state budget cut.
Read More →Move will save agency approximately $70 million over the life of the contract and cut anticipated operating deficit in half.
Read More →The proposed increase positions COTA closer to the transit industry standard fare box recovery rate while accounting for the inflationary factors that impact the cost of providing transit service.
Read More →Commitments to reduce costs up to a total of $1 million on current contracts.
Read More →Identified three areas that have contributed to the shortfall: declining public funding, union contracts and pension obligations.
Read More →Some campuses are discontinuing daytime shuttle hours, others are using opportunity to get better pricing for services, while some are reducing frequency of services.
Read More →Includes no service cuts or fare increases in the 2010 budget; projected cash balances of $29 million in 2009, $39 million in 2010, $1 million in 2011, and manageable projected deficits for 2012 and 2013.
Read More →Strong performance in both ridership and revenue in the first half of the year, coupled with strict cost controls enabled the CTA to balance the budget without implementing service reductions.
Read More →The budget that was passed uses the total county contributions to maintain service. The mandated amounts include $1.567 million for operations and $2.6 million in tax contributions.
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