The annual ritual of the Chicago Transit Authority raising the specter of fare hikes or concessions from labor ended yesterday with CTA leadership stating neither was needed for now. CTA, which operates the vast majority of the city's trains and buses, said they found $80 million in one-time savings, while CTA President Forrest Claypool acknowledged that a long-term budget plan has not been made. "All the tricks in the trick bag are gone," Claypool said.
However, the CTA is finding new revenue tricks. The transit authority is on the hunt for corporations who will pay to put their name on 11 of the system's transit stations.