CTA riders will see higher fares with the new year: The transit agency board this afternoon approved fare hikes for 2009 but at a lower level than originally proposed.
The CTA says it must raise fares to make up for higher energy costs, low tax revenues and giving free rides to seniors and the low-income disabled. The absence of a state capital bill means the agency also has to pay to keep old buses and trains in repair.
The CTA reduced the proposed increase to passes. The increase to the monthly pass, for example, will increase to $86 from $75 -- down from a proposed hike to $90.
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