CTA approves new fare increases

November 07, 2007 | 6:05 PM

CTA officials today approved massive service cuts and fare increases for January 2008 to cope with a projected $158 million budget gap.

The agency had planned service cuts and fare hikes for Sunday, but a $21 million grant from Gov. Rod Blagojevich allowed the CTA to continue normal operation.

But the agency's 2008 budget raises fares even higher while cutting additional bus routes. The budget will take effect unless state lawmakers settle on a transit funding package that provides enough money to put the CTA in the black.

If fare increases go into effect Jan. 20, the cheapest ride will be $2.25. Those using cash will pay $3.25 for a ride on the El during rush hour, Chicago Card users will pay $2.50. A 30 day pass will increase from $75 to $94.

Rider Beth Harris told CTA officials she doesn't see the benefit in offering discounted fares to Chicago Card users.

"It does not matter how I pay my fare, it matters that I pay my fare," she said.

Harris said she thinks Chicago Card users and cash paying riders should be charged equally.

"Let's keep Chicago a people city" she added.

"I know our riders are relieved and tired of this constant discourse," said CTA Chairman Carole Brown. She encouraged customers to continue contacting state legislators.

CTA President Ron Huberman said the onset of another "doomsday" will put the credibility of the agency "up for grabs." He said over 2,200 CTA employees will receive termination letters if Springfield does not provide funding by Jan. 18.

Last week, a Daily News examination of the agency's budget situation found many problems were the result of CTA mismanagement rather than inadequate state funding.

The Daily News investigation revealed the agency has mismanaged its pension fund, paid drivers some of the highest salaries and benefits in the country and mislead the public about the fiscal crisis.