No CTA Fare Hikes, Service Cuts In 2014, President Says

10/19/2013 12:05 pm ET

Story by Erica Demarest, courtesy DNAinfo Chicago:

NEAR WEST SIDE — The Chicago Transit Authority president promised there won't be fare increases or service cuts in 2014 as he rolled out a $1.38 billion budget proposal on Friday.

"I'm pleased to announce that CTA has a balanced budget with no fare increases and no service reductions," Forrest Claypool said at a news conference in CTA Headquarters, 567 W. Lake St.

Claypool said the agency will continue funding construction and renovations in 2014 through the $4 billion capital investment plan that began in 2011.

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