REPORT TITLE: 2009 Budget Report 
Chicago Transit Authority
March 11, 2009

SECTION TITLE: January Revenues

SLIDE: REVENUES: Variance to Budget

Fare Box 	21.39 M. (down .80M)
Passes 		20.72 M. (up 3.14M)
FareboxTotal	42.11 M. (up 2.34M)
Non-Farebox	3.08 M. (down 2.05M)
Half-Fare Subsidy 2.07 M. (up 2.07M)

Total Revenue 47.26 M. (up 2.37M)
Avg. Fare $1.05


SLIDE: Jan. Ridership

- Ridership continues to grow in 2009

Bar graph: Total Rides (in Millions):

2008 35.3

2009 37.8

(Up: 6.9%)


SLIDE: January Expenses 1.56 Mil. Favorable

- January expenses of $108.86 million were 1.56 Mil. favorable to the 2009 Budget

Pie chart:

Labor 		$74.25 M. (0.25 M. negative to budget)
Material 	  8.84 M. (1.08 M. negative to budget)
Fuel		  8.13 M. (0.43 M. favorable to budget)
Other		 17.65 M. (2.46 M. favorable to budget)


SLIDE: Public Funding Reductions: 2008-2010

- Public funding reductions for 2008–2010 are projected to be more than $400 Mil.

Bar graph:

2008	$ 87.0 M.
2009	$155.0 M.
2010	$161.0 M.


SLIDE: 2009 CTA Budget Deficit

- Reductions in sales and real estate taxes have resulted in sharply reduced revenues

Bar graph:

Original RTA Mark: 760.8 Mil. (655.8 of Sales Tax, 105.0 of Real Estate Transfer Tax)

Budget: 723.3 Mil. (655.8 of Sales Tax, 67.5 of Real Estate Transfer Tax)

[Down 21%]

Estimated Public Funding: 568.6 Mil. (538.6 of Sales Tax, 30.0 of Real Estate Transfer Tax)



SECTION TITLE: 2009 Budget Options

SLIDE: Addressing the CTA Deficit Through Cost Savings

Cost Savings Strategies: $80.0 Mil.

CHECKMARK: Lower Injury And Damages Reserve
CHECKMARK: Allocate Remaining Lease Deal Money
CHECKMARK: Reduce Non-operational Vacancies
CHECKMARK: Restrict Non-Emergency Overtime
CHECKMARK: Improve Bus and Rail Scheduling Efficiencies
CHECKMARK: Identify Savings by increasing Bus and Rail Car Rehabs
CHECKMARK: Restructure Management Positions
CHECKMARK: Maximize Real Estate Opportunities
CHECKMARK: Review and Renegotiate Contracts
CHECKMARK: Non-operational training
CHECKMARK: Review Compensation and Hiring Strategies

SLIDE: Options to Fill Estimated $75.0 M. Gap

- RTA Loans And Other Funds

- Other Options:
-- Labor Solutions To Lower Cost And Retain Labor Force
-- Service Cuts
-- Fare Increases


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REPORT TITLE: RIDERSHIP


SLIDE: 2009 Year-To-Date Totals 

System: UP 3.8 Mil. (4.9%)

Bus: UP 2.3 Mil. (4.7%)

Rail: UP 1.6 Mil. (5.4%)



SLIDE: February 2009 Ridership 

- Continuing Impressive Increases

System: UP 2.3 Mil. (5.9%)

Bus: UP 1.4 Mil. (5.9%)

Rail: UP 0.9 Mil. (6.0%)


SLIDE: February Ridership by Time

- Off-Peak and Weekend ridership increasing the strongest.

Bar Chart: 

Bus:
Weekday Rush 		3.2%
Weekday Off-Peak 	7.4%
Weekends 		8.2%

Rail:
Weekday Rush		2.6%
Weekday Off-Peak	6.8%
Weekends		14.0%

System:
Weekday Rush		3.0%
Weekday Off-Peak	7.2%
Weekends		10.2%


SLIDE: Still Growing

New Free Ride Programs

Still Growing

Bar chart: New Free Ride Programs
(Shows millions of monthly free rides from April through February generally increasing from under 2.0 to just over 3.0. Each bar is broken down, and indicates senior free rides reached a peak in October and declined then through January, but is shown increasing again in February. Military Service appears to remain a steady, small portion, that increased through winter and remains higher than in August where it first appeared on the chart. Disabled free rides appear to have had an increasing share since their introduction in October.)