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Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

Friday, March 21, 2025

Block Club Chi: 1 In 5 Chicagoans Will Lose Access To CTA, Pace, Metra If State Doesn’t Fund Public Transit, RTA Says

transitchicago.com

Any concerns about this current transit fiscal crisis

The Regional Transit Authority oversees Metra, Pace, and the Chicago Transit Authority and they're sounding the alarm over funding gaps. In what ways could this affect the CTA?

The RTA contends this impending crisis was caused by “decades of underfunding” from the state. Seventeen percent of the agency’s operating budget comes from the state — a significantly lower portion than in other major transit systems. In New York, 28 percent of its regional transit authority’s operating revenue comes from the state. It’s 44 percent in Boston and 50 percent in Philadelphia, according to the RTA.

The lack of state funding, combined with the end of federal aid provided during the COVID-19 pandemic, has left the system in a precarious position, the RTA said.

If the cuts occur, the most drastic changes would be felt in Chicago, where the CTA would be forced to shut down half the city’s “L” lines and eliminate nearly 60 percent of bus routes, cutting bus access for 500,000 Chicagoans and leaving “260,000 city workers without a reliable way to commute,” according to the RTA release. The frequency of both train and bus service on remaining lines would be reduced by 25 percent.

If this happened, the CTA would go from the third-largest transit system in the country to having fewer bus routes than Madison, Wisconsin, or Kansas City, Missouri, according to the RTA.

“Public transit is what helped shape the City of Chicago and surrounding suburbs as we know it today — it is why and how millions of us call this region ‘home,'” CTA acting President Nora Leerhsen said in a statement. “The results of a 40 percent service reduction are unconscionable, and no decisions about our service future will be made without community input.”

It seems, the state and city finds a way to make it work financially and service resumes under current levels. Of course, there are other issues I would like CTA to address such as safety and even how some riders are smoking on the trains.

Having to rely on transit at the current time cutting services would be inconvenient for me. Of course what bus routes would be cut if CTA isn't funded. And I already take for granted (at least over the years) the headways of the Red Line during the day at least. How infrequent would service on the L be once it's budgeted accordingly?

Saturday, September 9, 2023

Red Line extension gets $2 billion, one step closer to reality

Well this is what the Sun-Times says that $2 billion is pledged towards.

The $3.7 billion Red Line extension has “advanced to the final phase” of the painstaking, federal funding process. The feds are making a $2 billion commitment to cover half the cost and authorizing CTA to advance to the engineering stage, which CTA President Dorval Carter Jr. called the “final step ... in order to begin construction.”

The CTA hopes to award an engineering and construction contract and begin preliminary work before the end of this year, then reach the final step — a full-funding grant agreement with the feds. That would pave the way for construction of the extension and four stations to begin in 2025.

“You have heard us talk about this project for decades, but I’m here to tell you the project is now happening,” Carter told a news conference at the Red Line Extension Community Outreach Center, 401 W. 111th St.

The Red Line extension includes new stations at 103rd; 111th Street near Eggleston Avenue; along Michigan Avenue near 116th Street; and the new terminus at 130th Street near Altgeld Gardens.
Here's a WGN story about this which aired on the news yesterday. It features comments from Congresswoman Robin Kelly, Mayor Brandon Johnson, CTA Pres. Dorval Carter, and Ald. Anthony Beale as he will benefit from this new L branch. [VIDEO

Saturday, May 29, 2021

Sun-Times: Altgeld Gardens Commercial Building

Via WisconsinHistory.org

Since I mentioned Altgeld Gardens a few days ago on this blog, I found this Sun-Times article on an architecturally significant building in that part of town called the Altgelt Gardens commercial building:

Thursday, December 17, 2020

Union National Bank Christmas Club record via Vanished Chicagoland #tbt

 Here's another Throwback Thursday post, and a far more timely one. A Christmas Club record book from the former Union Nat'l Bank formerly located in Roseland via Vanished Chicagoland

The Roseland Branch of the former Seaway National Bank - now part of Self Help FCU - is a descendent of the former Union Nat'l Bank located at 11108 S. Michigan Ave. Seaway ultimately demolished the old Union Bank building and built another branch a bit south though still using that same address.

Union Bank was purchased by Seaway in the 1980s. Seaway Nat'l Bank ultimately became Seaway Bank & Trust Co. in 2008 and unfortunately failed in 2017.


Tuesday, June 16, 2020

Does CPS need police officers at their schools?

[VIDEO] Alderman Roderick Sawyer (Ward 6) speaks with WGN on a proposal to remove Chicago Police from CPS schools.

A couple of things that resonate with me from this discussion. First, should students be concerned that some minor mischievous actions could quickly turn into a police situation. Ald. Sawyer noted that a student spent a night in jail for mouthing off to a police officer. One shouldn't get smart with police anyway, however, was it worth a night in jail?

Second, while police were stationed at schools initially to keep out bad influences could the schools find other resources to help students. Let's say CPD or CPS ended the contract for police at the schools, perhaps they could find a way to bring in resource officers. We've heard a lot about bringing in nurses, psychologists, social workers, etc into our schools. So let's say we do take police out of our schools, we can replace them with resources for our students.

What do you think?

Tuesday, June 9, 2020

CBS Chicago: Some Aldermen Call For Defunding Police

[VIDEO] In light of the recent unrest and the spark that caused it the death of George Floyd in police custody many cities around the nation are looking into possible solutions. Minneapolis, Minnesota is looking into abolishing the Minneapolis Police Department. Cities such as New York, New York and Los Angeles, California have already started to "defund" their police into other initiatives with their cities.

To abolish a police department I think of as a knee jerk reaction to systemic issues within policing. I know there are people out there who doesn't like police and that's fine. At the same time we need the police and when there is a real crime wave or more civil unrest we might want to know who'll be there for the public.

In this story from CBS 2, we see some possible things worth discussing. Issues with homeless people and issues of mental health. It causes me to wonder in what ways can we remove the police's role in handling those issues. Hopefully we can find out city alderman plans to do with whatever funds - $1.78 billion for Chicago Police - they plan to divert.


Tuesday, August 20, 2019

WBEZ: 5 Things To Know About Chicago Public Schools’ Budget

WBEZ:
Chicago Mayor Lori Lightfoot and CPS CEO Janice Jackson heralded the new mayor’s first proposed budget for the school district earlier this month with great fanfare. But a WBEZ analysis shows the good news comes with some caveats, and it includes some bad news.

The public can weigh in on the $7.7 billion budget at two hearings — one at 4 p.m. and the other at 6:30 p.m. — on Tuesday at CPS headquarters, 42 W. Madison St.

Then, on Thursday, there will be three simultaneous hearings at 6 p.m. on the money CPS wants to use to repair schools and invest in early childhood programs. The hearings are at Morgan Park High School, 1744 W. Pryor Ave; Whitney Young High School, 211 S. Laflin St; and Amundsen High School, 5110 N. Damen Ave.

Thursday, February 22, 2018

Tribune: Politics, funding impede Pullman restoration as monument approaches 3rd anniversary

Via The Chicago Neighborhoods
This Tribune article updates us on the progress of that Pullman National Monument announced by then President Barack Obama in 2015:
Since 2015, Pullman National Monument has moved sluggishly toward these goals. The state-owned grounds are in the midst of an extensive cleanup from decades of industrial waste. The National Park Service’s visitors center, planned for the clock tower building, has been pushed back at least a year. Plans mapping out the monument’s long-term future were supposed to be completed within three years but are only now beginning. State and federal money has been minimal, and progress on some projects has been slowed because of several federal government shutdowns and an unprecedented two-year state budget standoff.

The one project that could move forward, an apartment building for artists, is on hold after federal officials told the developers to seek additional input from the public.

“My wife and I have been here for 50 years, and we’ve seen different cycles and levels of interest from people working in Pullman,” said resident Mike Shymanski. Progress “takes time and takes patience, but once the restoration is done it’ll be around a long time.”

Pullman was expected to draw 300,000 visitors per year by 2025, however, with its current annual attendance at only 50,000, those estimates seem ambitious.

Now, the park is contending with a president who is less supportive of conservation. The Trump administration recently shrunk two Utah national monuments, bringing about at least two legal challenges and legislation to counter the move.
Here's something from Tribune Graphics showing a map of the Pullman area under the national parks.
While it's not looking that good there are some positive developments:
The first floor of the state-owned Hotel Florence could open even sooner, possibly over the summer after contractors finish building an accessibility ramp and restoring and furnishing the elaborate interior.

The park service also plans to work outside the monument to generate buzz through a grant from the McCormick Foundation to develop curriculum in area classrooms on nationally significant themes: transformation of passenger rail travel, urban planning, Pullman’s role in the American labor movement and the porters’ civil rights movement.
What are the plans for the Hotel Florence? I'm very keen on finding out!

Tuesday, January 30, 2018

Route of future Red Line extension has been determined

[VIDEO] The long awaited extension continues to move forward with a specific routing south to 130th Street on the far south side of Chicago. Of course there's still a process through getting the financing from the federal and state governments for construction on this new L line can start. When the process ends we're looking towards sometime next decade before the building starts.

Here's a basic map of the future extension via Tribune Graphics
  Also the question is already being asked about how to get the money to build this new L line 
Finally here's the CTA page for the Red Line extension.

Thursday, March 30, 2017

Curbed Chi: Proposed Trump budget could threaten Chicago’s mass transit network

Future 103rd St. Red Line stop
A variety of transit projects in our fair city could be on the gun but I want to emphasize one project that could be derailed - no pun intended - by the priority on people who drive their own vehicles:
Amtrak isn’t the only transportation network expected to feel the squeeze from Washington. While CTA’s $2.1 billion Red-Purple Line modernization program managed to secure $1.1 billion in matching federal funds during the waning days of the Obama Administration, Trump’s proposed budget could cast serious doubts on a plan to extend the Red Line beyond 95th Street to Chicago’s Far South Side.
If there was a time for Chicago's south side leaders to make sure we get that extension funded now, this is the time. And yes I realize Trump doesn't have many friends or allies here in Chicago.

Crossposted from The Sixth Ward

Wednesday, February 8, 2017

Capitol Fax: Yet another failure

10001 South Woodlawn Ave
This "failure" is located at the south side's Olive Harvey College located east of the Bishop Ford - formerly Calumet Expressway - on 103rd Street. OHC was supposed to be home to a "Transportation, Distribution and Logistics Center". Another job training program provided by the City Colleges of Chicago.

Unfortunately we've learned - especially if you've read this recent post over at CapFax or indeed the Tribune article linked within the post - the program has stalled. The City of Chicago, City Colleges, and also State of Illinois aren't able to come up with funds to finish this project.

Plus when this project was started it was before the transition from Governor Pat Quinn to Governor Bruce Rauner. And if you've been reading CapFax for the past two years we know there has been something of a serious budget stalemate.

Tuesday, June 7, 2016

Yesterday on the Capitol Fax #notaprison

FYI: An update to this is seen on the Capitol Fax this morning one new pic of that classroom provided by a spokeswoman from CPS which is in better condition. Then from Kyle Hillman a more recent pic of the hallway which still doesn't look in that great of a condition. The pic of that classroom you see below was said to be from a DNA Info article from 2014 and we learn that CPS has a $3 billion deferred maintenance backlog.

It's been in the news that due to the current budget stalemate in Springfield, CPS may not open in September. You can follow a lot of the state budget news over at the Capitol Fax.

In the meanwhile CPS CEO Claypool took issue with Governor Rauner referring to Chicago Public Schools as crumbling prisons. I don't blame Forrest Claypool or any other figure named in that Capitol Fax post for sticking up for Chicago's schools. Unfortunately they are often maligned mostly for the right reasons and those students who attend public schools deserve to have someone lookout for them. It doesn't do them justice to be held hostage by a budget stalemate.

At that same time the Capitol Fax had another post regarding Claypool's comments. Rich Miller preferaced this post by saying the man with his own opinion - via this FB post - is no "Raunerite" but basically expresses his interest in fixing our neighborhood schools. I'll share a pic that makes the point of this pic look at teh state of disrepair.
Gale School - 1631 W Jonquil Terrace
This school is probably one example of many with issues of disrepair as the post noted lead paint peeling from the ceiling - this is a much older school. Also bad fire doors and broken fire alarms. Then what about services needed by students?
The school has been gutted by a funding formula CPS put in place. The school has no technology teachers, no librarians, after-school programs have been gutted and our social worker is hanging on by the grace of his nonprofit.

You know what they do get in Illinois Prisons? Library Services! Mental Health Services! Educational Services.
You see what happened there. What do CPS students get at this particular school versus what people who are incarcerated in prison gets? Then it goes further:
So yeah the Governor’s solution of REDUCING funds for CPS is madness, but what he said today wasn’t wrong. If Claypool doesn’t want his schools to be called worse than prisons… FIX THEM!

“Frankly, the Governor’s comments comparing Chicago schools to ‘crumbling prisons’ are disrespectful and beneath his office.” via Claypool.

You know what is really disrespectful and beneath (their) office? Allowing schools like this to happen, our Mayor owns this.
The next question is how many other schools have issues such as these. Not only a building in disrepair but not enough services educational or otherwise for students. I can believe that funding is an issue but that's certainly one one portion of many other issues in such a vast school district as CPS.

Friday, October 23, 2015

CPS enrollment: Drops, rises and consequences

Via @ChiTribGraphics
A page you should look at via Chicago Tribune. That in addition to the graphic above:
Chicago Public Schools released 10th-day enrollment statistics and projected changes to school budgets and special education staffing as a result of the changes in enrollment. This is the first year CPS is using this student-based budgeting policy where enrollment is more important than ever. Changes to funding and positions will be finalized based on enrollment as of the 20th day of the school year.
For two of our local schools:
And of course search for more 10th day enrollment information here.

Thursday, November 20, 2014

Tribune: Aldermen turn up heat on CPS' bond deals

Ald. Thomas by Chris Walker / Chicago Tribune
I was amazed to see that Ald. Latasha Thomas of ward 17 is leading this charge. I'm wondering if her leaving the city council at the end of her term has anything to do with this:
The Chicago City Council’s Education and Child Development Committee will hold a hearing to examine Chicago Public Schools’ borrowing practices, committee chair Ald. Latasha Thomas said Wednesday.

Eight aldermen signed a resolution calling for the hearing in the wake of a Chicago Tribune analysis of the school district’s foray into auction-rate debt. Leading the effort is 2nd Ward Ald. Bob Fioretti, who plans to run against Mayor Rahm Emanuel in the Feb. 24 mayoral election.

The Tribune found that CPS' 2003-07 issuance of $1 billion in auction-rate bonds, paired with interest-rate swaps, could cost the district $100 million more than traditional fixed-rate bonds would have.

"They were gambling with our children’s future," Fioretti said Wednesday in an interview with the Tribune.
...
Thomas said she had yet to see the resolution but was willing to explore the issue at committee level. Thomas, unlike Fioretti, typically sides with the mayor on major issues.

No hearing date has been set.

Monday, July 7, 2014

Tribune: Starting this fall, free breakfasts, lunches available for all CPS students

I can't believe according to this article, school lunches in elementary school could go for $2.45 on average. When I went to Bennett-Shedd it was .75 and went up to .85 cents. Perhaps the quality of food today is much better.

Regardless CPS has found some money to provide free meals to all students. That's certainly excellent news:
The high number of students living at the poverty level in the district qualified CPS to meet the required threshold for full reimbursement by the U.S. Department of Agriculture, according to CPS officials.

In the past school year, lunch at a typical elementary school  for students who didn’t qualify for assistance cost an average of about $2.45. High schools charges slightly more.

The district expects to serve 72 million meals to students in the coming year, two million more than during the last school year.

“If a student eats that day, the district gets reimbursed,” said Leslie Fowler, executive director of CPS’ nutritional support services. “But if they don’t eat, then CPS doesn’t get reimbursed and there’s no cost associated with that meal. We can’t predict what they do or don’t do, but we hope we can encourage them to participate.”

In the past, the school district’s free and reduced lunch program for financially eligible students was fraught with fraud. Several CPS school officials, including principals and assistant principals, were accused by the district’s Inspector General of providing false income information on applications for the free lunch program.
Sooooo, I don't have children yet, however, as a parent I would have fought tooth & nail not to pay over $2/day to feed my child. They'd get sent to school with a lunch from home at the very least.

Still this development under which this program has been expanded one thing is for certain CPS is dominated by low-income students.

Monday, September 24, 2012

Education Nation: How Will Chicago Pay For Strike Deal?

From the Education Nation section of our local NBC affiliate:
How much will the new contract cost? Pay raises and hiring nearly 500 new teachers to implement the longer school day has a higher price tag -- as high as $295 million -- that some say could lead to higher property taxes.

The mayor, though, avoided specifics.

"We have other tough things to do," he told reporters. "I never denied that we did have tough things to do, but I can't sit here and say within the first five minutes of this contract being negotiated, that I could tell you exactly what's going to happen four or five months from now."

Chicago Public Schools said "all options are on the table" to make up for new money being spent. Teachers won a 3 percent raise in the first year followed by 2 percent raises in years two and three. The 2015 board must let the union know if it has the money for a fourth year 4 percent raise.

Teachers lost sick day payouts, severance adjustments and reduced layoff benefits. Ten holidays were reduced to eight.

Without pension relief, CPS could be looking at a deficit of up to $1 billion.

Emanuel reportedly is considering increases to the city's 68-cent-a-pack cigarette tax and the 9 percent amusement tax as a way to make up for the budget shortfall. His office has maintained he is not considering property tax hikes.