Thursday, March 10, 2005

CTA threatens huge cuts

Sun-Times (Mark J. Konkol):
With no guarantee of more state transit cash, CTA officials are set to pick from a grim menu of scenarios that could increase train fares to as much as $3.40, or cut bus and rail service severely enough to put 3,500 employees out of work.

CTA staff Wednesday outlined five choices -- all of them bad news for riders -- to fill the agency's growing $55 million budget gap if state lawmakers don't find a new way to fund transit in the Chicago area....

Gov. Blagojevich has pitched a CTA bailout that would be linked to ending a $65 million tax break given to businesses on computer software purchases.
What's this shortfall mean for Blagojevich?


Blogger Carl Nyberg said...

Repealing the software tax was discussed earlier.

7:39 PM  
Blogger Carl Nyberg said...

If the choice is

A. raise CTA fares
B. tax software

I'll support B.

But if the choice is

A. raise CTA fares
B. tax software
C. repeal Blagojevich's tax pledge
D. something else, like cancel Peotone spending

C or D seem at least as good as B.

8:47 AM  
Anonymous Anonymous said...

What about the CTA making some cuts in their administrative ranks.
I seem to recall a front page story in one of the Chicago dailies about increases in administrative hires in the CTA (with nice salary and pension benefits)even when the budget crisis was known. Never heard that the CTA got rid of any of these administrators, though.

1:40 AM  

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