Public transportation has been and remains a critical component of the region’s ongoing recovery from the COVID-19 pandemic. For fiscal year 2023, the CTA is proposing a $1.8 billion operating budget that keeps fares at their current levels, maintains the agency’s commitment to improving service, and continues important investments to upgrade and modernize the system.
The proposed spending plan also advances the agency’s “Meeting the Moment: Transforming CTA’s Post-Pandemic Future”, a multifaceted Action Plan that focuses on responding to customers’ concerns and strengthening the foundations of the rider experience – more consistent and reliable service, safe rides, clean facilities, modern amenities, dynamic customer engagement tools, and a strong CTA workforce.
The proposed $3.4 billion Five-Year Capital Improvement Plan for 2023-2027 includes funding for critical transit improvement projects that are underway or set to begin in 2023:
- Red Line Extension to provide much-needed transit services and connections to the Far South Side of Chicago.
- All Stations Accessibility Program (ASAP), to make CTA’s rail system 100% vertically accessible.
- Expansion of electric bus fleet, part of CTA’s commitment to complete the electrification of the entire bus fleet by the year 2040.
- Ongoing modernization of both bus and rail fleets.
The President's 2023 Budget Recommendations book provides an overview of the proposed operating and capital budgets, plus key initiatives highlighted in an easy-to-read manner with accompanying charts and graphs. In addition, historical and reference data is presented in a detailed appendix section.
2023 Budget Recommendations
2023 Budget Recommendations (accessible text version)
Virtual public hearing
The Public Hearing on the Proposed CTA 2023 Budget, Two Year Financial Plan and Five-Year Capital Plan will be held virtually, only, on Thursday, November 10, 2022 at 6 p.m. See Notice of Public Hearing for details and information on how to participate.
The virtual public hearing will be streamed online.