CTA is a lot happier now with the Ventra farecard than it was even a month ago. But CTA President Forrest Claypool said Wednesday that the final phase-out of old fare cards is at least two months off.
Although the newest appointee to the CTA’s governing board suddenly backed out in the past week, the CTA’s President says any upcoming agency shakeup should leave his agency out.
CTA is running a deficit this year that, so far, stands at $10 million. But it is reassuring riders that the shortfall won’t impact them.
With the mayor at his side, CTA President Forest Claypool explained how excessive absenteeism was costing the agency $40 million in 2011.
CTA over the weekend undertook its biggest service reshuffling in three years — without changing its bottom line. As a result, some riders Monday will see additional service, while a dozen bus routes are eliminated and service will be curtailed on 16 others.