CTA 2007 Contingency Plan

Transcription

1 CTA 2007 Contingency Plan

2 JUST THE FACTS

3 RTA Directive Unless the RTA Board makes a determination no later than July 1, 2007, that the funds identified as new transit funding are available for 2007 such amounts [$110 million] are eliminated and the Service Boards shall present to the RTA revised budgets for From the RTA Ordinance adopting and approving the 2007 Budget for CTA, Metra and Pace

4 Dollars in Millions CTA Operating Shortfalls $59 M. $96 M. $139 M. $182 M. $182 M. Without Without Pension/Retiree Pension/Retiree Healthcare Healthcare Reform Reform With Pension/Retiree Healthcare Reform With Pension/Retiree Healthcare Reform Operating Deficit Only $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $ Year

5 2007 $110 Million Deficit $110 Mil. $97.5 Mil. Current Deficit $12.5 Mil. 1 st Round of CTA Cuts

6 Additional Cuts/Efficiencies 1. Deferring non-union pay increases 2. Graduated furlough days for non-union managers making $50,000 or more 3. Eliminates 9 vacancies and 18 positions 4. Under- L parking = $ 5.6 million = $ 5.6 million + $12.5 million $ 18.1 million

7 CTA Guiding Principles 1. Maintain as much availability as possible for transit dependent customers 2. Maintain regional connections, where possible 3. Spread the burden of cost reductions in an equitable manner consistent with Environmental Justice and Title VI requirements

8 Timeline JUN JUL AUG SEP OCT Public Hearings Board Approval Legal Notifications Staffing/Routing Adjustments Fare Increases/ Service Cuts

9 Five Options Suspension of Service October 07 Higher Fares Only A Higher Fares & Service Recommendation Reductions Higher Fares & Capital Transfer B C D E $18.1 $18.1 $18.1 $18.1 $110 $110 $110 $110 $110 *Dollars in Millions

10 Option A: Service Cuts Only Administrative Service Stop Capital Service Fares TOTAL 10,833 Layoffs $110 Million Initial Weekday Ridership Lost 1.6 Mil.

11 Option A: Service Cuts Only Administrative Service Stop Capital Service Fares TOTAL 10,833 Layoffs $110 Million Initial Weekday Ridership Lost 1.6 Mil.

12 Option B: Fare Increase Only Administrative $ 18.1 Million Capital Service Fares TOTAL $91.9 Million $110 Million Initial Weekday Ridership Lost 340,000

13 Option B: Fare Increase Only FARE TYPE Current Proposed +$.75 Cash Off-Peak Fare Cash Peak Fare All Passes BUS RAIL BUS RAIL $2.75 $2.75 $7.00 $ % increase +$5.00

14 Raising Fares Only Doesn t Work Raising fares covers less than half of the system operation expenses Public Funding Other System- Generated Revenue 7.4% 51.3% 41.3% Fares

15 CTA Ridership Has Grown Millions P

16 Option C: Fare Increase and Service Reduction Administrative $ 18.1 Million Capital Service Fares TOTAL $68.9 Million $23.0 Million $110 Million Initial Weekday Rides Lost 570,000

17 Option C: Fare Increase and Service Reduction FARE TYPE Current Proposed +$.50 Cash BUS $2.50 Off-Peak Fare RAIL $2.50 Cash BUS $5.50 Peak Fare RAIL $5.50 ALL Passes 175% increase +$3.50

18 Option C: Fare Increase and Service Reduction Bus/Train service on key routes only Brown, Orange, Green, Pink, Purple and Yellow lines suspended Bus service suspended on 107 routes 887 fewer buses and 422 fewer trains during peak travel time Suspended Remaining Current Services

19 Downward Spiral Riders Fares Riders

20 Option D: Fare Increase and Capital Transfer Administrative Capital Service Fares TOTAL $18.1 Million $50.0 Million $41.9 Million $110 Million Initial Weekday Rides Lost 270,000

21 Option D: Fare Increase and Capital Transfer +$.50 FARE TYPE Current Proposed Cash BUS $ Off-Peak Fare RAIL $2.50 Cash BUS $4.00 Peak Fare RAIL $4.50 All Passes 125% increase +$2.50

22 Capital Delaying vehicle overhauls increases cost and customer inconvenience Fleet = Approximately 2,220 Avg. age = 9.4 yrs. (Goal is 6 yrs) Rail Fleet 25+ Yrs. <25 Yrs. 12+ Yrs. 12 Yrs. <11 yrs Bus Fleet Fleet = Approximately 1,190 Avg. age = 23.7 yrs. (Goal is 12.5 yrs)

23 Costs of Deferring Capital $93.4 Mil. $151,000 Bus Overhaul Impact $15.1 Mil. $8.3 Mil. $15.9 Mil. $33.9 Mil. $66.6 Mil. Rail Overhaul Impact $589,000

24 Recommendation Administrative Capital Service Fares TOTAL $18.1 Million $56.9 Million $15.0 Million $20.0 Million $110 Million Initial Weekday Ridership Lost 260,000

25 E: Fare Increase, Service Cuts and Capital Transfer +$.25 FARE TYPE Current Proposed Cash Off-Peak Fare BUS RAIL $2.25 $2.50 +$.50 Cash Peak Fare BUS RAIL $2.75 $3.25 +$.75 ALL Passes 63% increase +$1.25

26 Recommendation Peak Hours: 6:30 9:30 a.m. 4:00 7:00 p.m. FARE TYPE Current Proposed Cash Off-Peak Fare Cash Peak Fare ALL Passes BUS RAIL BUS RAIL $2.25 $2.50 $2.75 $ % increase

27 Recommendation 36% of the deficit is covered by fare increase and service cuts Service Reduction Capital Fares Increases Administrative

28 Recommendation Bus/Train service on Sunday Service routes only Purple Express and Yellow line suspended Bus service suspended on 63 routes 422 fewer buses and 68 fewer trains during peak travel time Suspended Remaining Current Services

29 Public Funding for Transit Systems As a percentage of the total operating budget 73% 74% 66% 68% 61% 47% Chicago Philadelphia Boston Atlanta San Francisco Los Angeles

30 Comparison of Fares Proposed Fare Increases $.50 $.10 Current Fares $.75 $1.25 $1.75 $1.50 $1.25 $5.00 $3.50 $2.50 Philadelphia New York Boston Los Angeles Atlanta Metra Zone A Pace Recommendation Current CTA Option B Option C Option D

31 Recommendation Administrative Capital Service Fares TOTAL $18.1 Million $56.9 Million $15.0 Million $20.0 Million $110 Million

32 CTA 2007 Contingency Plan