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

2021 Budget Recommendations

2021-Budget-Book-Cover

For fiscal year 2021, the CTA is proposing a $1.64 billion operating budget that highlights the need for new federal funding to support public transportation across the United States. Though there are no planned changes to service or fares in 2021, the CTA is dependent on continued support at the federal level to achieve this goal.

The proposed $3.4 billion five year capital budget for 2021-2025 is supported by funding from Rebuild Illinois, the 2019 state capital program that was the first in more than a decade. More than half of the capital funding will go toward previously announced major projects, including:

  • Upgrade of the Cottage Grove Green Line station ($60M)
  • Blue Line O’Hare Branch power improvements ($50M)
  • Advancement of the Red Line Extension project ($327.8M)
  • Phase 1 station improvements under the All Stations Accessibility Plan (ASAP ($78M)

Other capital projects to continue or begin in 2021 include:

  • Testing of the 10 new 7000-Series rail cars
  • Quarter-life overhaul work on 5000-Series rail cars
  • Roll-out of newest all-electric buses
  • Start of station and track structure construction as part of RPM Phase One

The President's 2021 Budget Recommendations book provides an overview of the proposed 2021 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.

PDF2021 Budget Recommendations
PDF2021 Budget Recommendations (accessible text version)

Note on virtual public hearing
The Public Hearing on Proposed CTA 2021 Budget, Two Year Financial Plan and Five Year Capital Plan will be held virtually, only, on Thursday, November 12, 2020 at 6:00pm. See Notice of Public Hearing for details and information on how to participate.

The virtual public hearing will be streamed online and a link to the stream will be posted here on or before the date of the hearing.

 

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
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