Article: Chicago Transit Authority Fares May Jump 25 Cents.

By John Chase, Chicago Tribune Knight Ridder/Tribune Business News

Oct. 10--Chicago Transit Authority President Frank Kruesi Thursday proposed a $1.75 fare--a 25-cent increase--for a standard, one-way CTA bus or train trip to plug a $30 million hole in the agency's budget.

If approved by the CTA board, the fare hike will be the first since 1991, when the CTA began charging its $1.50 fare, up from $1.25.

There were no service cuts proposed and the fare increases would take effect Jan. 1.

The decision to propose a fare hike was "never made lightly," Kruesi said, but it had to be done as the CTA faced an $88 million shortfall in its ...

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