Chicago Transit Authority Wants Fare Hike, No Service Cuts

Shields, Yvett
October 2003
Bond Buyer;10/10/2003, Vol. 346 Issue 31738, p4
Trade Publication
Reports on the disclosure made by Frank Kruesi, president of Chicago Transit Authority (CTA) over its multi-million dollar shortfall of budget without cutting service. Factors that contributed to the shortfall; Significance of the 25-cent increase from the basic fare to help cover up the shortfall; Importance of Regional Transportation Authority's approval of the CTA's budget; Inclusion of the overall budget for 2005; Maintenance of CTA's reputation as a financially stable agency.


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