CTA secures $3.35M for 2025 capital plan amid clean financial audit

The Chicago Transit Authority (CTA) Board convened on June 11, 2025, to discuss several key initiatives and updates, including financial audits, capital improvement plans, and property acquisitions related to the Red Line Extension project.

The meeting began with a positive report on the CTA's financial and federal audits for the fiscal year. The auditors confirmed a clean audit with no findings, highlighting the effectiveness of the internal controls over compliance for major federal programs. Board members commended the finance team for their hard work in achieving this outcome.

A significant agenda item was the amendment of the five-year capital improvement program (CIP), which will incorporate an additional $3.35 million in federal funds for fiscal year 2025. This amendment is crucial for the CTA to submit grant applications by mid-June, ensuring continued funding for various projects, including bus and rail fleet improvements and accessibility initiatives.

The board also reviewed several ordinances related to property acquisitions for the Red Line Extension project. Notably, the CTA authorized payments for relocation expenses and the purchase of multiple properties, totaling over $60 million. These acquisitions are essential for advancing the project, which aims to enhance transit access in underserved communities.

Additionally, the board approved an intergovernmental agreement with the Metropolitan Water Reclamation District to facilitate construction and operations related to the Red Line Extension. This agreement includes provisions for property access and reimbursement for construction costs.

In a collaborative effort, the CTA also entered a cost-sharing agreement with Metra for restroom access at a metro station, ensuring that bus operators have necessary facilities while serving expanded routes.

Overall, the meeting underscored the CTA's commitment to improving transit infrastructure and services while maintaining fiscal responsibility and community engagement. The board's actions will enable the CTA to move forward with critical projects that enhance public transportation in Chicago.