October 26, 2010
The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2011 budget of $1.3 billion but has significant concerns for the agency in the longer term. The budget is a 5.2% or $66.7 million increase from the adopted FY2010 budget of $1.2 billion. The proposed FY2011 budget maintains the current level of transit service for the Chicagoland area. However, it is precariously balanced on $83.0 million in anticipated payments from the State which have not yet materialized, as well as a $113.0 million transfer from capital funds.