A bus on LaSalle street with the Chicago Board of Trade in the background

Finance & budget

This page contains information about CTA's finances and budget.

On this page:

See also
For latest available financial reports/statements presented before the Chicago Transit Board's Finance, Audit & Budget Committee meetings, see Board Presentations
 

Latest budget recommendations

2020 Budget Recommendations

2020 Budget Book CoverThe CTA has proposed a balanced $1.57 billion operating budget for FY-2020 that continues unprecedented efforts to modernize infrastructure and improve the travel experience for customers across the city—while holding the line on fares and maintaining service levels. The proposed $5.1 billion five-year capital budget for 2020-2024 includes, for the first time in a decade, a significant funding commitment with the passage of the State of Illinois’ Rebuild Illinois capital bill in June 2019. Highlights of this proposed capital improvement plan include: 

  • $78 million in funding for the All Stations Accessibility Program (ASAP), CTA’s comprehensive plan to make all rail stations 100 percent vertically accessible. 
  • More than $300 million commitment to the Red Line Extension project.
  • Cottage Grove Green Line station overhaul ($60 million)
  • Blue Line O’Hare Branch traction power improvements ($50 million)
  • Blue Line O’Hare branch station upgrades, downtown to O’Hare ($31.5 million)

The President's 2020 Budget Recommendations book provides an overview of the proposed 2020 operating and capital budget. Key initiatives are 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.

PDF2020 Budget Recommendations
PDF2020 Budget Recommendations (accessible text version)

 

 

Past budget recommendations

2019 Budget Recommendations

2019 Budget BookThe President's 2019 Budget Recommendations book provides an overview of the proposed 2019 operating and capital budget. Key initiatives are 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.

PDF2019 Budget Recommendations
PDF2019 Budget Recommendations accessible text version

2018 Budget Recommendations

2018 Budget Recommendations

The President's 2018 Budget Recommendations book provides an overview of the proposed 2018 operating and capital budget. Key initiatives are 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.

PDF2018 Budget Recommendations
PDF2018 Budget Recommendations accessible text version

2017 Budget Recommendations

2017 Budget Recommendations Book Cover

The President's 2017 Budget Recommendations book provides an overview of the proposed 2017 operating and capital budget. Key initiatives are 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.

PDF2017 Budget Recommendations
PDF2017 Budget Recommendations text-only version

 

2016 Budget Recommendations

2016 Budget Recommendations Book Cover

The President's 2016 Budget Recommendations book provides an overview of the proposed 2016 operating and capital budget. Key initiatives are 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.

PDF2016 Budget Recommendations
PDFText-only version

 

2015 Budget Recommendations

2015 Budget Book Cover

The President's 2015 Budget Recommendations book provides an overview of the proposed 2015 operating and capital budget. Key initiatives are 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.

PDF 2015 Budget Recommendations
PDF Text-only version

 

2014 Budget Recommendations

Modernizing Transit For the Future: President's 2014 Budget Recommendations

The President's 2014 Budget Recommendations book provides an overview of the proposed 2014 operating and capital budget. Key initiatives are 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.

PDF 2014 Budget Recommendations
PDF Text-only version

 

2013 Budget Recommendations

2013 Budget Book Cover

The President's 2013 Budget Recommendations book provides an overview of the proposed 2013 operating and capital budget. Key initiatives are 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.

PDF 2013 Budget Recommendations (.pdf)
Text-only version (.pdf)

President's presentation to the City Club of Chicago
2012 City Club Presentation (.pdf)

 

2012 Budget Recommendations

2012 Budget Book Cover

The President's 2012 Budget Recommendations book provides an overview of the proposed 2012 operating and capital budget. Key initiatives are 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.

pdf 2012 Budget Recommendations (.pdf) (plain text version)

More info:

 

2011 Budget Recommendations

2011 Budget Book Cover

The President's 2011 Budget Recommendations book provides an overview of the proposed 2011 operating and capital budget. Key initiatives are 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.

pdf 2011 Budget Recommendations (plain text version)

From time to time during the fiscal year, the CTA Board amends the Capital Improvement Program (CIP) which is incorporated as a part of the Budget Book. The most recently approved CIP can be found here.

pdf Capital Improvement Program (CIP) 2011

 

2010 Budget Recommendations

2010 Budget Book Cover

The President's 2010 Budget Recommendations book provides an overview of the proposed 2010 operating and capital budget. Key initiatives are 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.

PDF 2010 Budget Recommendations

From time to time during the fiscal year, the CTA Board amends the Capital Improvement Program (CIP) which is incorporated as a part of the Budget Book.

pdf Capital Improvement Program (CIP) 2010

Budget Addendum
Reduced fares were not increased; Reduced fares remained at $0.85 with a transit card and $1.00 with cash.

 

2009 Budget Recommendations

2009 Budget Book Cover

The President's 2009 Budget Recommendations book provides an overview of the proposed 2009 operating and capital budget. Key initiatives are 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.

PDF 2009 Budget Recommendations

From time to time during the fiscal year, the CTA Board amends the Capital Improvement Program (CIP) which is incorporated as a part of the Budget Book.

pdf Capital Improvement Program (CIP) 2009

 

2008 Budget Recommendations

2008 Budget Book Cover

The President's 2008 Budget Recommendations book provides an overview of the proposed 2008 operating and capital budget. Key initiatives are 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.

pdf 2008 Budget Recommendations

From time to time during the fiscal year, the CTA Board amends the Capital Improvement Program (CIP) which is incorporated as a part of the Budget Book.

pdf Capital Improvement Program (CIP) 2008

 

2007 budget recommendations, and earlier

2007

pdf 2007 Budget Recommendations

2006

pdf 2006 Budget Recommendations
pdf Capital Improvement Program (CIP) 2006

2005

pdf 2005 Budget Recommendations
pdf Capital Improvement Program (CIP) 2005

2004
pdf 2004 Budget - Summary
pdf 2004 Budget - Detail
pdf President's Report on CTA's Fares and Proposal for the FY2004 Budget

2003
pdf 2003 Budget - Summary

2002
pdf 2002 Budget - Summary
pdf 2002 Budget - Detail

2001
pdf 2001 Budget - Summary
pdf 2001 Budget - Detail

2000
PDF 2000 Budget Summary
PDF 2000 Budget Detail

1999
PDF 1999 Operating Budget Summary
PDF 1999 Budget Detail

 

Financial statements

Recent years' statements

PDFCTA Financial Statements December 31, 2019 and 2018
PDFCTA Financial Statements December 31, 2018 and 2017
PDFCTA Financial Statements December 31, 2017 and 2016
PDFCTA Financial Statements December 31, 2016 and 2015
PDFCTA Financial Statements December 31, 2015 and 2014
PDFCTA Financial Statements December 31, 2014 and 2013
PDFCTA Financial Statements December 31, 2013 and 2012
PDFCTA Financial Statements December 31, 2012 and 2011
PDFCTA Financial Statements December 31, 2011 and 2010

Statements for 2010 and earlier

PDF CTA Financial Statements December 31, 2010 and 2009
PDF CTA Financial Statements December 31, 2009 and 2008
PDF CTA Financial Statements December 31, 2008 and 2007
PDF CTA Financial Statements December 31, 2007 and 2006
PDF CTA Financial Statements December 31, 2006 and 2005
PDF CTA Financial Statements December 31, 2005 and 2004
PDF CTA Financial Statements December 31, 2004 and 2003
PDF CTA Financial Statements December 31, 2003 and 2002
PDF CTA Financial Statements December 31, 2002 and 2001
PDF CTA Financial Statements December 31, 2001 and 2000
PDF CTA Financial Statements December 31, 2000 and 1999
PDF CTA Financial Statements December 31, 1999 and 1998
PDF CTA Financial Statements December 31, 1998 and 1997

 

Pension Obligation Bond Sale Report

PDFPension Obligation Bond Sale Report (text version)

 

IRMA representation notice

PDFIndependent Registered Municipal Advisor ("IRMA") Representation Notice, eff. May 8, 2017

 

Official statements for CTA bonds

Public building commission bonds

PDFPublic Building Commission Bonds Series 2006

Sales tax bonds

PDFSales Tax Bonds Series 2008A&B
PDFSales Tax Bonds Series 2010A&B
PDFSales Tax Bonds Series 2011
PDFSales Tax Bonds Series 2014
PDFSales Tax Bonds Series 2017 (Sub)

Capital grant receipts–GARVEE bonds

PDFFTA Capital Grant Receipts-GARVEE Bonds FTA 5307&5309(5337) Series 2008A & 2008
PDFFTA Capital Grant Receipts-GARVEE Bonds FTA 5307 GARVEE Series 2011
PDFFTA Capital Grant Receipts-GARVEE Bonds FTA 5307&5337(5309) GARVEE Series 2015
PDFFTA Capital Grant Receipts-GARVEE Bonds FTA 5309(5337) GARVEE Series 2008A
PDFFTA Capital Grant Receipts-GARVEE Bonds FTA 5307&5337(5309) GARVEE Series 2017

 

Miscellaneous reference

PDF CTA Debt Policy
The Debt Management Policy serves as a management tool to enable the Chicago Transit Authority to identify transactions that utilize debt in the most efficient manner and provide for full and timely repayment of all borrowings. It establishes guidelines for the appropriate amount and type of debt as a means of achieving the lowest possible cost of capital within prudent risk parameters and ensuring ongoing access to the capital markets. And it also addresses the method of bond sale and the selection of bond professionals.

PDF CTA Investment Policy

 

Presentations

PDF 2016 Chicago Investors Conference presentation (8/3/2016)

2019 Budget BookThe President's 2019 Budget Recommendations book provides an overview of the proposed 2019 operating and capital budget. Key initiatives are 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.

PDF2019 Budget Recommendations
PDF2019 Budget Recommendations accessible text version

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