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

2022 budget recommendations

FY 2022 Budget Book cover featuring vaccination busPublic transportation has been and remains a critical component of the region’s ongoing recovery from the COVID-19 pandemic. For fiscal year 2022, the CTA is proposing a $1.75 billion operating budget that maintains the essential bus and rail services that have been provided throughout the pandemic. Also reflected in this plan are measures to make CTA’s already low-cost fares even more affordable. Among the proposed changes are:

  • Permanent adoption of the promotional price reductions offered on CTA’s 1-, 3-, and 7-Day unlimited-ride passes
  • Elimination of the $0.25 charge when transferring between rides on CTA buses and trains, or vice versa
  • Price reduction for the CTA 30-Day and the CTA-Pace 7-Day passes

The proposed $3.5 billion Five-Year Capital Improvement Plan for 2022-2026 includes funding for critical transit improvement projects that are underway or set to begin in 2022:

  • 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.
  • Blue Line Forest Park Branch track and power improvements, the first phase of a comprehensive rebuild.
  • Expansion of electric bus fleet, part of CTA’s commitment to complete the electrification of the entire bus fleet by the year 2040.
  • Refresh & Renew, an expanded and accelerated rail station improvement program.
  • Better Streets for Buses, a comprehensive, citywide plan for bus-priority streets.

The President's 2022 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.

PDF2022 Budget Recommendations

PDF2022 Budget Recommendations (accessible text version)

Virtual public hearing

The Public Hearing on Proposed CTA 2022 Budget, Two Year Financial Plan and Five-Year Capital Plan will be held virtually, only, on Thursday, November 11, 2021 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.

Past budget recommendations

 

Financial statements

 

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

 

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

System status snapshot
‘L’ route status
Red Line
Normal Service
Brown Line
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Green Line
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Orange Line
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Pink Line
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Purple Line
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Yellow Line
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Bus routes w/alerts
Elevator alerts