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Rail News: Rail Industry Trends

CTA amends proposed budget


On Nov. 10, Chicago Transit Authority (CTA) approved an amended version of its proposed $936 million fiscal-year 2004 budget.

Although the budget includes a 25-cent basic fare increase, the board voted to decrease the cost of a transfer from 30 cents to 25 cents. CTA also plans to continue reversing transfers, which enable passengers to take two additional trips within two hours of a transfer being issued.

The authority plans to open its regular meetings for public comment and hold hearings in neighborhoods throughout CTA’s service area.

The proposed budget reduced operating expenses $2.5 million by combining cost-saving measures and eliminating some non-service related positions. CTA does not plan to reduce service.

The budget also includes a waiver on the $5 Chicago Card electronic fare card fee between Jan. 1 and March 31, 2004, and funds for a study designed to determine the feasibility of incorporating Chicago Card technology into the city’s plan to equip taxis with credit card payment capabilities.

Contact Progressive Railroading editorial staff.

More News from 11/12/2003