2013 CTA budget release delayed

File photo: Forrest Claypool

November 15, 2012 4:34:03 PM PST
The CTA has delayed the release of its 2013 budget while negotiations continue with its unions.

President Forrest Claypool has said the CTA needs at least $160 million in union concessions to balance the budget.

Without the concessions, the agency has warned of possible fare hikes and service cuts.

The CTA says there has been progress this week toward reaching a deal.