The CTA released its proposed 2023 budget Thursday that keeps all services, avoids fare hikes and retains discounted prices on certain passes that were implemented in last year’s budget.
released its proposed 2023 budget Thursday that keeps all services, avoids fare hikes and retains discounted prices on certain passes that were implemented in last year’s budget.
Federal relief dollars will help cover a $390 million shortfall in the budget. CTA has about $1.2 billion of federal relief funding that will help the agency through 2026. Brian Steele, a spokesman for CTA, said it is important to encourage people to start using public transportation once again but acknowledged service issues plaguing the agency may discourage some folks from riding. The issue of staffing, he said, would fix most of these problems.
The CTA also released a $3.4 billion, five-year capital improvement plan which looks to invest in major projects such as the Red Line extension and modernize CTA’s bus fleet and railroad cars. Releasing those TIF dollars would need approval from City Council, and some alderpersons have stressed reservations about approving the plan after CTA President Dorval Carter Jr. has failed to meet with the council.
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