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CTA committee forwards 2026 budget and $6.75B five‑year capital plan after state funding fills gap
Summary
The CTA Finance Committee placed on the omnibus the 2026 operating budget and a $6.75 billion five‑year capital improvement program after state funding narrowed a projected shortfall, officials said.
The Chicago Transit Authority’s Finance, Audit & Budget Committee voted to place on the omnibus the agency’s 2026 operating budget, the 2027–28 financial plan, and a five‑year (2026–2030) capital improvement program estimated at $6.75 billion after state funding reduced a projected shortfall, officials said.
Tom McCone, CTA’s chief financial officer, told the committee the agency developed three budget scenarios—baseline (maintain service), expansionary (invest in growth) and reduced (service cuts and up to 20% layoffs). He said recent Illinois legislation provided an allocation commonly referenced in committee…
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