-- Connecting the dots between our economy, government and business --
The Chicago Transit Authority’s Board of Directors approved Tuesday a $1.8 billion operating budget for 2023. But with ridership still down from pre-pandemic levels, the budget relies on nearly $400 million in federal stimulus money to make up for lost fare revenue — stimulus money the transit agency estimates it’ll use up by 2025.
Summary and audio linked here.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
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Audio and summary
If the stimulus money lasts until 2025 then CTA was given far too much money