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CTA finance staff to prepare three 2026 budget scenarios as revenue outlook tightens
Summary
CTA staff reported May system-generated revenue ahead of budget but said fare and pass receipts remain slightly behind projections year-to-date. The authority will prepare two scenarios requested by the RTA plus a third "appropriate level of investment" plan, with statutory deadlines remaining in November.
Chicago Transit Authority finance staff told the board on July 9 that system-generated revenues were positive in May but that fare and pass receipts remain slightly behind the year-to-date projection, requiring multiple budget scenarios for 2026.
Tom (CTA finance staff) briefed the board on May results, saying fare and pass revenue for the month came in ahead of budget and that non-fare-box revenue — driven in part by investment income — has been “robust.” He reported the month’s system-generated revenue was positive to budget by $3,900,000 and ahead of last year’s monthly result by about $5,100,000; year-to-date non-fare-box revenue has helped offset a small negative variance in fare and pass revenue. Tom told the board total operating expenses…
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