Chicago Transit Authority Designing for the Future of Public Transit: Budget 2004
Designing for the Future of Public Transit Proposed 2004 Budget Summary Chicago Transit Authority Designing for the Future of Public Transit: Budget 2004 Carole L. Brown, Chairman Appointed by: Mayor, City of Chicago J. Douglas Donenfeld, Vice Chairman Chicago Appointed by: Governor, State of Illinois Transit John H. Catlin Board Appointed by: Mayor, City of Chicago Susan A. Leonis Appointed by: Governor, State of Illinois Cynthia A. Panayotovich Appointed by: Governor, State of Illinois Victor Reyes Appointed by: Mayor, City of Chicago Charles E. Robinson Appointed by: Mayor, City of Chicago Frank Kruesi, President Table of Contents 21 2003 Operating Budget Performance 28 2004 Operating Budget 45 2004 2005 - 2006 Operating Annual Financial Plan Budget 54 Summary 2004 - 2008 Capital Improvement Plan & Program 66 Appendices Chicago Transit Authority 1 Letter from the President Designing the Future of Public Transit--- that is the vision that guided Revenues are down, and the CTA in preparing the budget for 2004. expenses, though carefully controlled, continued to Our mission is to provide quality, affordable transit services that link inch up. An $88 million people, jobs and communities. As communities grow and change, gap is a large one to fill what works well today may not work as well in the future. The CTA and we had already must be prepared to serve future customers. Each year, the CTA exhausted most available prepares a five-year capital plan that sets priorities for the future and options to balance previ- determines which initiatives will best serve customers in the years ous budgets. Ongoing cost ahead. Our focus is on projects that will rebuild the system, improve reductions since 1998 have the product and sustain the momentum of the past six years.
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