Fare Increase Considered by CTA

Budget hole hounds transit officials

Updated 2:26 PM CDT, Wed, Jul 22, 2009

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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.

First Published: Feb 19, 2009 10:37 AM CDT

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