One of the Chicago Transit Authority’s ongoing fiscal challenges has been balancing the cost of providing rides on the CTA with the fares the Authority collects from its customers. CTA Board Chairman Terry Peterson announced at the Authority’s February board meeting that it costs the Authority approximately $7 to provide a ride on the system while the estimated average fare per trip in FY2009 was $0.97.[1] Between FY2006 and FY2009, the average fare collected per trip has increased 4…
On February 7 the Chicago Transit Authority (CTA) will implement layoffs and service reductions intended to reduce its FY2010 operating costs by $95.6 million. The Authority, which faced a $300.9 million deficit when crafting its FY2010 operating budget, will lay off 1,100 employees and offer less frequent service on 119 bus routes and seven train lines. The Authority’s other deficit reduction measures include $32 million in savings from salary freezes, furlough days and unpaid holidays for…
As the Civic Federation composes its forthcoming Status of Local Pensions Report, we have pensions on our minds. Here’s a quick round up of what’s happening with local pension funds in Chicago and across the State of Illinois, including status updates on commissions, results of pension obligation bonding and cost estimates of legislated benefit increases. City of Chicago In January of 2008 the City of Chicago convened a task force to address its pension funding problems. The City of Chicago…
The redesign of the Civic Federation website in July has provided the public, government officials, and the media better access to the Federation’s analyses of government services in Illinois. The regularly-updated Civic Federation blog especially has provided a constant source of information on the issues that the Federation covers, including local budgets and pensions, taxes, privatization and asset leases, and commentary on events in the news. Blog posts about local government budgets…
The Civic Federation's legislative priorities for 2010 include public pension reform, requiring state government to develop and implement performance measurement and a capital improvement plan, the dissolving of the Illinois International Port District, creating a new governing board for the Cook County Forest Preserve District, reinstating means-tested transit discounts for seniors, requiring large counties to produce timely annual audits, enacting tax increment financing reporting reform,…
The Civic Federation has enormous concerns about the fiscal risks associated with Governor Quinn’s “deal” to avoid CTA fare increases. Under the proposal, the Regional Transportation Authority will issue General Obligation bonds worth $83 million in both 2010 and 2011 and transfer the funds to the CTA for capital projects. The CTA will then shift a similar amount of its existing capital funds to its operating budget. The State of Illinois is supposed to then pay the first two years of debt…
While the Civic Federation traditionally analyzes features common to all local government budgets, our analyses of the Chicago Transit Authority’s (CTA) budgets include additional productivity measurement data. The Civic Federation uses expenditure, personnel and ridership data provided by CTA to gain insight into changes in productivity. The Civic Federation uses three measures to assess CTA’s productivity over time: labor cost per actual unlinked passenger trip; actual unlinked passenger…
The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2010 budget of $1.29 billion. Facing significant public funding short falls, CTA plans to close its $300.9 million deficit with fare increases ranging from 25 to 75 cents per ride, the elimination of 1,021 full-time equivalent positions, reductions in bus and rail service and the transfer of capital funds into general operating funds. The Federation finds that the transfer of capital funds into operating funds and…
The Chicago Transit Authority (CTA) recently implemented a vendor database that allows members of the public to search for vendor and contract information on the CTA website. The database is intended to improve the transparency of the CTA’s procurement activities by making data about individual vendors and contracts more easily accessible to the public, particularly vendors interested in doing business with CTA. Users can search the Vendor, Contract and Payment Search database using keywords in…
In order to make its capital selection process more transparent in FY2009, the Chicago Transit Authority (CTA) has revised the way in which is selects and prioritizes capital projects. CTA’s revised capital selection process includes an additional layer of accountability with the creation of a new Capital Governance Board consisting of five of the CTA’s executive vice presidents, its budget director, and its director of planning. The Capital Governance Board will review the FY2010-…
