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The Chicago Transit Authority's budget 'turnaround'

Posted on November 19, 2014

Chicago Tribune

This editorial discusses financial improvements made by the Chicago Transit Authority in the past few years that have led to a more fiscally stable agency. It cites the Civic Federation’s FY2015 CTA Budget Analysis which supports the budget, but retains some concerns about the current pension funding plan and whether the budget relies too heavily on expected payments from the cash-strapped State of Illinois.