2014 Budget Recommendations

MODERNIZING TRANSIT FOR THE FUTURE PRESIDENT’S 2014 BUDGET RECOMMENDATIONS (THIS PAGE INTENTIONALLY LEFT BLANK) CTA FY14 Budget Table of Contents Letter from the President ........................................................................................................................................ 1 CTA Organizational Chart ........................................................................................................................................ 5 Executive Summary ................................................................................................................................................... 7 2013 Operating Budget Performance 2012 Operating Budget Performance Summary ........................................................................................ 25 2012 Operating Budget Schedule ..................................................................................................................... 34 President’s 2014 Proposed Operating Budget President’s 2013 Proposed Operating Budget Summary ....................................................................... 35 President’s 2013 Proposed Operating Budget Schedule ......................................................................... 42 President’s 2015-2016 Proposed Operating Financial Plan President’s 2015-2016 Proposed Operating Financial Plan Summary ............................................. 43 President’s 2015-2016 Proposed Operating Financial Plan Schedule .............................................. 47 2014-2018 Capital Improvement Plan & Program Introduction ............................................................................................................................................................... 49 Uses of Funds............................................................................................................................................................. 54 Sources of Funds ...................................................................................................................................................... 68 Competitive Grant Opportunities ..................................................................................................................... 72 Unfunded Capital Need ......................................................................................................................................... 76 Operating Budget Impact ..................................................................................................................................... 79 Capital Program Acronyms .................................................................................................................................. 82 Appendices History of the Agency ............................................................................................................................................. 83 Transit Facts .............................................................................................................................................................. 87 System Map ................................................................................................................................................................ 89 Operating Funding Summary ............................................................................................................................. 91 Debt Administration ............................................................................................................................................... 99 Annual Budget Process ....................................................................................................................................... 117 Accounting Systems and Financial Controls ............................................................................................. 121 Financial Policy ...................................................................................................................................................... 125 Economic Indicators ............................................................................................................................................ 129 Operating Statistics .............................................................................................................................................. 135 Performance Management................................................................................................................................ 139 Comparative Performance Analysis.............................................................................................................. 155 Climate Change Impact on the CTA ............................................................................................................... 163 CTA Fare Structure............................................................................................................................................... 165 Comparative Fare Structure ............................................................................................................................. 167 Acronyms and Glossary...................................................................................................................................... 169 (THIS PAGE INTENTIONALLY LEFT BLANK) CTA FY14 Budget Letter from the President Dear CTA Customers: For 66 years, the Chicago Transit Authority has spent each day bringing customers to work, to school, and to everywhere else they need to go. Each weekday, the CTA provides 1.7 million rides in Chicago and 35 suburbs—and annually provides more than 80 percent of the region’s ridership, with service 24 hours a day, 7 days a week, 365 days a year. Our primary mission has not changed—on-time, affordable, convenient transportation that connects people, places, and jobs. But how we fulfill that mission has changed dramatically, particularly over the past two years. Under the leadership of Mayor Rahm Emanuel, my management team and I have focused on new and more efficient ways to deliver the best service possible to our customers. Despite inheriting a $308 million deficit in 2011, the CTA has operated efficiently and responsibly with three consecutive years of balanced budgets—a significant break from the “doomsday” budgets of the past—even as we faced funding challenges that will continue in 2014. In fact, under the Mayor’s leadership, we continue the CTA’s unprecedented $4 billion modernization campaign to create a 21st century transit system. Customers throughout our service area are seeing brand-new buses and rail cars, new and rehabbed rail stations, and expanded technologies that improve rider experience. The CTA has expanded service on its busiest bus and rail routes, increasing frequency and reducing crowding during rush hour peaks. Numerous large-scale construction projects have already been completed or will soon wrap up, including the historic reconstruction of the Red Line South—where we’re building a brand new railroad as part of our $1 billion Red Ahead program to repair and rebuild the CTA’s busiest rail line. In preparation for that project, the CTA made its biggest investment in the Green Line in years in 2013 to serve customers affected during the reconstruction project. The Red Line South project is on time and on budget, and is the quickest any U.S. transit agency has ever rebuilt an entire railroad. In 2014, we’ll begin two other projects that will benefit our busiest rail line—the reconstruction/expansion of the 95th Street terminal and the Wilson station. Both projects will create new community anchors that will help spur economic development while improving Red Line service. The CTA continues to pursue longer-term plans for the modernization of the Red and Purple Lines, and we’re pursuing similar modernization plans for the Blue Line as well. In addition, we are investing in new substations and substation upgrades that will provide more power and increased reliability to our rail lines. 1 CTA FY14 Budget Letter from the President Additionally, we began work on the Ravenswood Connector, a key connection that brings about 700 Brown and Purple Line trains downtown each weekday, to make structural improvements and replace deteriorated track components that will ultimately improve reliability and reduce slow zones in that area. Work also has started on the O’Hare branch of the Blue Line, a project that will also improve travel times, eliminate all slow zones and help to slow the development of future slow zones, reducing future maintenance and repair costs. We’ve invested heavily in improving the customer’s day-to-day commute, including completing the installation of CTA Train Tracker displays at all CTA rail stations ahead of schedule, and the continued expansion of Bus Tracker signs at more than 250 bus shelters citywide—tools that help our customers plan their travel to the minute. We successfully launched the agency’s first new fare-payment system in nearly 20 years. Ventra allows CTA and Pace customers the ability to use a single card for all transit and is a modern, efficient system that is the first of its kind among major U.S. transit agencies— allowing customers numerous, flexible payment options and benefits and quicker boarding. We continue to improve safety and security for our customers, retrofitting older rail cars in our fleet with cameras and making other security enhancements in cooperation with the Chicago Police Department. These cameras are in addition to

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