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CTA board approves 2026 ‘gap‑filled’ operating budget and places $6.75 billion CIP on omnibus after state funding boost
Summary
After Illinois lawmakers approved a funding package the CTA called "senate bill 21 11," the board moved the 2026 operating budget and a $6.75 billion, 2026–2030 capital improvement program onto the omnibus and recommended them for board approval; CTA officials said the funding fills the gap without service cuts, layoffs or a proposed 10% fare increase.
The Chicago Transit Authority board reviewed and moved onto the omnibus a 2026 operating budget and a $6.75 billion, five‑year capital improvement program after CTA finance officials said a recently passed state funding package closed a previously projected revenue gap.
Tom McCone, CTA chief financial officer, told directors the operating plan will avoid service cuts and layoffs and that the agency will not implement a previously proposed 10% fare increase because the legislature allocated what staff described in the meeting as $142,000,000 under “senate bill 21 11.” McCone said September results show fare revenue slightly under forecast but that non‑fare revenue and stronger public funding leave the year‑to‑date…
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