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CTA Woes Continue

CTA Woes Continue

With a new transit doomsday prophecy, the area's transit systems are trying to figure out exactly how they'll manage to find the funding to stay running. At a CTA board meeting yesterday, chief financial officer Dennis Anosike revealed the alarming news that the CTA's budget deficit was at $87 million, much larger than had previously been thought. When added to the ginormous shortfall in tax revenue the RTA already outlined this week, the CTA now finds itself over $240 million in the red. Well, shit. And with everyone out of cash and looking for more, the infighting has begun as the CTA and RTA clashed over where the money would come from and who knew what when. more ›

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