Final 2004 Program and Budget
Final 2004 Program and Budget November 2003 Board of Directors Jeffrey R. Ladd, Chairman Appointing Authority: County Board Chairman, Kane, Lake, McHenry and Will Counties Carole R. Doris, Secretary Appointing Authority: County Board Chairman, DuPage County Elonzo W. Hill, Director Appointing Authority: Suburban Members, Cook County Board Larry A. Huggins,Treasurer Appointing Authority: City of Chicago W. Warren Nugent,Vice Chairman Appointing Authority: Suburban Members, Cook County Board Brad S. O’Halloran, Director Appointing Authority: Suburban Members, Cook County Board Michael K. Smith, Director Appointing Authority: County Board Chairman, Kane, Lake, McHenry and Will Counties Philip A. Pagano, Executive Director Chairman’s Message To Friends of Commuter Rail: A strong demand for expansion of Metra service throughout the Northeast Illinois Region poses a greater challenge than ever before in our 20-year history. Our 2004 budget document shows how we plan to meet that demand while we maintain Metra’s existing service at high levels of safety and reliability. Although we’re faced again this year with lower projected sales tax proceeds, Metra through responsible cost control will achieve a 55 percent revenue recovery ratio and live within our statutory funding limits without the need for a fare increase. In January of 2003 we announced our “Vision for the future of Metra.” This vision would propel the state’s transit network firmly into the next century, with a new SouthEast Service commuter line to the growing seg- ments of Cook and Will counties, and the development of the nation’s first intra-suburban rail network. The network, known as the STAR Line, would open the door to numerous possibilities for inter-suburban service.
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