Fare Increase Considered by CTA
Budget hole hounds transit officials
Wednesday, Jul 22, 2009 | Updated 2:26 PM CST
Fares on the CTA could jump as the agency continues to struggle with serious budget problems.
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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.
Copyright SunTimes
Posted Wednesday, Jul 22, 2009 - 2:26 PM CST
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