Huberman hints at CTA fare hikes
CTA President Ron Huberman can't rule out higher fares next year, given the high cost of fuel and the expense of the free rides for seniors program.
"We're going to attempt to hold the line on any fare increase because we certainly don't want to turn to our customers . . . when it's already tough," Huberman said, during taping of WBBM-AM Newsradio 780's "At Issue" program. The CTA is starting to work on its 2009 budget and is reviewing expenses and revenues.
(Sun-Times file)
"Fuel costs are exploding," Huberman said. He also noted that the free rides program, which began March 17, looks like it will be a "pretty expensive venture."
"That all collectively is putting a real strain on our operating budget," he said.
This year Chicago's real estate transfer tax and the regional sales tax were increased to bail out transit.
Huberman said the CTA has been trying to hold the line on operating costs by cutting 200 administrative jobs last year, speeding up delivery of fuel-efficient hybrid buses, and redesigning other buses to reduce the weight. The CTA hopes for cash from Springfield to update the aging bus and rail fleet.
The CTA continues to work on public-private partnerships such as a recent deal for digital advertising, which will provide $101 million in ad revenue, Huberman said.
The CTA is in discussions with a grocery store to build an L station inside the store, he said. He would not name the station or the store.
"It would allow us to replace the station at no cost," said Huberman, noting the store would benefit from CTA riders passing through.
"At Issue" airs 9:30 a.m. and 9:30 p.m. Sunday.
