The Chicago Board of Education is borrowing $1 billion. City Hall is contemplating a property tax hike. Cook County may raise the sales tax by one percent — again. But at Chicago’s mass transit agencies there is no panic and it is business as usual.
The region’s top transit official warned Thursday that CTA, Metra, and Pace fare hikes and service cuts would be “difficult to avoid” if the legislature enacts budget cuts proposed in Gov. Bruce Rauner’s budget.
Chicago-area commuters have never seen anything like it. Metra has proposed fare increases averaging 10.8 percent, starting in February, with the guarantee of additional increases every year through 2024.
Beginning today, Metra is asking riders to “pick their poison,” and tell them what kind of fare increase, if any, they can stomach next year.
Chicago cab drivers say it’s time for a fare increase, and they’re taking their argument to City Hall Tuesday.
Chicago Transit Authority President Forrest Claypool said Wednesday that the agency has found the $80 million it needs to avert fare hikes and service cuts the rest of this year — without labor concessions.
The Emanuel administration and some Chicago cabbies are set to clash over the city’s plans to reshape the taxi industry without raising fares.
Metra Thursday night wrapped up eight public hearings in two days on the largest fare increase in the agency’s history.
Riders told Metra’s chief executive officer at a public hearing in Homewood on Wednesday that the fare increases the agency has proposed are too much.
Today is the day that CTA riders learn whether they will have to endure fare hikes and service cuts when the transit agency announces its budget plan for next year.
Metra is set to take a final vote on increasing fares, but not nearly as dramatically as originally planned.
The CTA says it faces a $277 million budget shortfall in the coming year. It won’t say yet that it plans fare hikes or service cuts, but CTA President Forrest Claypool made it clear he’s targeting union work rules.
CTA officials still won’t say if the agency’s 2012 budget contains fare hikes, service cuts or both. But they are making it clear that the budgeting process has not been an easy one.
In a letter to Metra riders, the agency’s CEO on Friday called proposed fare increases “jolting” but necessary due to rising costs, lower income and inaction by the previous Metra administration.
The Metra board Friday ruled out service cuts to close a 2012 budget shortfall estimated at more than $64 million, but higher ticket prices seem inevitable.
The CTA won’t raise fares for the rest of 2011, but is making no promises beyond that.
Metra wants to hear from you on the possibility of fare hikes and service cuts, and it doesn’t matter if you ride Metra daily or never come within miles of a commuter train.
The Regional Transportation Authority is warning that the CTA, Metra and Pace may have to undertake emergency fare hikes and service cuts as soon as next month.
The Chicago Transit Authority is beginning to plan its budget for next year, and it won’t be easy to accomplish.
The Chicago Transit Authority passed a new budget plan Wednesday that will not hike fares, nor cut service levels.