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Chicago Transit Authority To Hike Train Fares By 30% To $3.00 In 2010
As part of its proposed 2010 budget, the CTA is preparing more pain for Chicago residents, which include transit fare hikes across the board. Transit authorities throughout the country (most notably New York's MTA) are doing all their best to pretend they do not need to file for bankruptcy, even as all signs point to the contrary. As ChicagoBreakingNews reports, the list of increases would be comprehensive and impact virtually every transportation category.
- Basic train fares to $3 from $2.25.
- Basic bus fares to $2.50 from $2.25.
- Express bus fares to $3 from as little as $2.25 now.
- Full fare 30-day passes to $110 from $86.
- Seven-day passes to $30 from $23.
In addition, express bus service would no longer be available on nine routes: X3, X4, X9, X20, X49, X54, X55, X80 and 53 AL.
Hours of operation also would be reduced on 41 other bus routes, generally in the early morning and late night. Each would lose between 25 minutes and about three hours of service a day, with a few routes even more.
Curiously, the information first appeared in a legal ad the CTA places in the Chicago Tribune earlier today:
h/t Dvolatility
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Stick it yet again to the working stiff.
Anyone know whassup with WFC? Is this blatant insider trading, or a bull trap?
Sancho,
Could be Shorters covering in case of "Beat Expectations" pop.
-Michael
They don't release Q3 earnings until the 21st, but yea, you're probably right. Hell, nothing makes sense
not making sense is the new making sense. at this point would you honestly believe something that made sense or would it be shadowed by the search for ulterior motives?
You got that right.
Check out LVS - Who the heck is propping up that dog, Bernanke?
Unfortunately, shortfalls in public transportation budgets create two bad outcomes; Reduced service at higher cost to people that presumably already have low incomes that make public transportation a cheaper option, and higher debt in the long term that prevents a reduction in fairs in the future.
The good news is that at least they aren't doing the impossible of trying to build out a completely new system during this period of time.
The new normal is screw everyone else as long as the bank bailouts and other corporate welfare programs are up and running or in the pipeline.
Clearly the states and municipalities didn't pay their yearly kickbacks....er bribes....er….hell, you know what I mean.
The new normal = B.O.H.I.C.A.
(Bend over, here it comes again)
Street parking in SF is now $3 an hour, except for times like this weekend when it is $4 an hour. This isn't parking garage valet parking, this is metered street parking.
I suppose this is all deflationary, though, as the dollar deflationists claim.
No, its just an unwillingness to balance budgets like the private sector has to do.
$3.50/hr if you're smack in the middle of downtown (i.e. most financial institutions), although most spots are reserved for commercial vehicles anyway. Even motorcycle parking is $0.70/hr, which can run you $2000 a year easy. And a meter violation is at least $53 (+$10 downtown). Taking BART rapid transit from across the Bay is going to be at least $3 one way (+$1 if you park). By car, the fare to cross the Bay Bridge into SF is $5. And if you plan to board certain Muni bus lines, you better be packing heat.
But hey, it's going to a good cause:
http://www.sfgate.com/webdb/sfpay/index.shtml
Can't they just go back to playing music? I miss "25 or 6 to 4".
LOL!
They were way ahead of the curve on abandoning the dollar.
http://www.youtube.com/watch?v=Y0TEa-Aa4sU
We already sold the Skyway and the parking meters to private interests to create a rainy day fund. We were going to sell Midway airport too, but after the financial crisis we seem to have run out of buyers. With the Olympics bid up in smoke, city worker furlough days already in place, and a Police Department without a new contract, "Hizzoner" da Mayor is takin' ack-shun.
Pay more, wait longer. These are tuff times.
Don't worry, you'll still get there. :P
Government "prices" never deflate until the bitter end.
But I thought we were in "deflation"... I guess Chicago Transit Authority is unaware of the existence of Robert Prechter and the skyrocketing purchasing power of the greenback.
This is a tax, not inflationary. and like most taxes it will result in lower aggregate revenue. I own a business and I can raise my prices as high as I want, but does nt mean people will pay for it.
Government is squeezing the last juice out of demand inelastic products and services.
Liberals are amazing and their constiuents must be the stupidest on earth. They keep jacking up the cost of their basic living for the poor and middle class and tell them at the same time we aren't raising your taxes.
Here in Kansas City, the Metro Bus is considering allowing non-stop audio commercials to play on every public bus in the city to increase advertising revenue. Wonder who will be advertising? "Check Into Cash" and the numerous "Casinos". Or will they play continuous "O" speeches as a public service?
That's the thing that I really liked about MTA; They actually have visual adverts that were for something I might buy (Vodka, although not the Vodka being advertised), where as in Seattle we have tons of ads for public services, check cashing, women's health, etc etc.
half the ads in the subway cars are in spanish anyway
No problemo amigo. I'm working on learning Spanish by reading adverts in Spanish and watching Sabado Gigante at work.
This is just a strategically wise move looking ahead to the 2020 Olympics.
Mayor Daley built a free 750 milliion$ stadium for da Bears. They play 8(eight), ocho games per year!!! they could never, ever, never pay for a stadium. So stick it to the taxpayor. Let the taxpayor build a stadium for the Bears and soon the Cubs. The crimes of the government know no end.
The bankrupt Cubs get a 300 million$ tax abatement. but the citizens are stuck with higher fees? Let this city collapse. Daley has 750 million$ for the Bears but no money for the working stiffs on the train? Revolution time indeed. Immediately charge the Bears 100 million/year for use of Soldier Field. wont pay? The city confiscates the team and sold to highest bidder. Tax the Cubs 300 million for failing to pay taxes. Put sammy boy Zell in prison.
okay, so lets say they want to build a new stadium for the cubs. WHERE? there is no room in wrigleyville. This new rickets guy will sell the naming rights first and foremost. Get ready for Pfizer Field people. Even though he said he is a "true" cubs fan he will still end up a "sell out" or in this case a "ZELL out".
HA i crack my shit up
I dont think you can use the government pricing mechanism to indicate inflation or deflation.
They are doing this in response to the cash fer clunkers program. You see, not enough people participated in purchasing new vehicles and they believe there will be more people riding public transit as a result. In essence, they whole heartedly believe volume will pick up. However, they might not realize these poeple have no job to go to anyway. lol
Public transportation use will eventually become dominant. Pretty soon we will see $10 gallon gasoline and this will look cheap.
Good thing I ride my bike to work and will continue to not pay for the train.
Those reductions in service will screw anyone who works an early shift (pre 7am) or a 2nd/3rd shift.
Nice.
Thank God we didn't win the Olympics. I can't wait to move out of this fucking city.
Amen to that. Too bad its too damn cold to bike around in the winter. I'd drop the CTA completely if I could
There is a huge gulf that grows by the week between the public and private worker in America
I don't know when the private worker says enough is enough, we cannot pay for your pensions and your retirement at ages 56 anymore
But it continues. And where there are holes the federal government sends "stimulus money" to fill the hole.
This is all planned by the WHO? Increased cost will decrease ridership and in turn decrease the spread of H1N1. Remember never, ever touch the bus.
Whatsa matta with yooz guys? Dis is recovery!
Tax revenue recovery; user fees are in a bull market!
:-)
Gotta pay for those fat pension and health care benefits somehow.
My advice to J6P- Jump the turnstile.
My advice to Joe the 320lb diabetic- duck under the turnstile.
Defined benefit pension plans are going to croak us all. Time for reform and reduction of benefits!
What is funny is that the people who will complain the most about this will dutifully vote for Democrats in Chicago and Cook county in every election! Chicago is populated by a bunch of mindless, dimwitted masochists...with the exception of Anonymous, Crook County or anyone else who lives in Chicago who is mindful enough to read this blog!
The previous governor (Blago) on his way out the door, implemented a program of FREE ridership for senior citizens. Over 65 you ride any public transit for free, all day every day, no exceptions. This costs $30M this year, and is projected to cost $60M next year. Perhaps Blago was proactively looking ahead to his potential jury pool (which group of citizens votes and serves on juries? Seniors of course.)
Absolutely nobody in the legislature is willing to take back the free rides. Or even talk about it.
You never see old people on the chicago trains. Too dangerous. These cost estimates are absurd. The real absurdity is that the Mayor Daley is using billions of tax dollars to fund the Bears/Soldier Field when the tax monies could be used to build rail, tollroads, fill pot-holes, increase bus routes ,etc.