Fare Increase Considered by CTA

Budget hole hounds transit officials

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    NEWSLETTERS

    Fares on the CTA could jump as the agency continues to struggle with serious budget problems.

    Lower tax revenues have dropped the CTA down another budget hole, which could prompt more fare increases and service cuts down the line.

    The Chicago Sun-Times reported Wednesday that CTA officials have warned of an $87 million funding shortfall for 2008 and $155 million for 2009.