WEBVTT 00:03.933 --> 00:12.600 align:start position:10% line:74% size:72.5% BUT FIRST SOME OF TODAY'S TOP 00:06.400 --> 00:15.333 align:start position:10% line:74% size:80% BUSINESS HEADLINES FROM CRAIN'S. 00:10.733 --> 00:18.400 align:start position:10% line:74% size:72.5% >> PARIS, THE CHICAGO TRANSIT 00:12.600 --> 00:20.133 align:start position:10% line:74% size:77.5% AUTHORITY'S BUDGET HAS NO PLANS 00:15.333 --> 00:25.266 align:start position:10% line:74% size:65% FOR FARE HIKES IN 2020 BUT 00:18.400 --> 00:26.500 align:start position:10% line:74% size:67.5% RIDERSHIP HAS BEEN STEADILY 00:20.133 --> 00:28.066 align:start position:10% line:74% size:80% DECLINING SINCE THE 2012 PEAK OF 00:25.266 --> 00:32.000 align:start position:10% line:74% size:42.5% 45 MILLION RIDES. 00:26.500 --> 00:34.300 align:start position:10% line:74% size:75% WHETHER THE AUTHORITY GOES FOR 00:28.066 --> 00:35.800 align:start position:10% line:74% size:77.5% FARE HIKES DEPENDS ON RIDERSHIP 00:32.000 --> 00:38.466 align:start position:10% line:74% size:72.5% ADDING THE AGENCY CANNOT HOLD 00:34.300 --> 00:40.400 align:start position:10% line:74% size:52.5% OFF ON HIKES FOREVER. 00:35.800 --> 00:42.633 align:start position:10% line:74% size:80% THE CTA SHOULD GET HELP FROM THE 00:38.466 --> 00:44.133 align:start position:10% line:74% size:75% CAPITAL PROGRAM WHICH INCLUDES 00:40.400 --> 00:46.200 align:start position:10% line:74% size:80% CLOSE TO $2 BILLION IN BONDS AND 00:42.633 --> 00:48.433 align:start position:10% line:74% size:50% PAYMENTS TO THE CTA. 00:44.133 --> 00:50.400 align:start position:10% line:74% size:80% IN OTHER BUDGET NEWS, MAYOR LORI 00:46.200 --> 00:53.400 align:start position:10% line:74% size:60% LIGHTFOOT'S 11.6 BILLION 00:48.433 --> 00:53.700 align:start position:10% line:74% size:75% PROPOSAL COUNTS ON 3.5 MILLION 00:50.400 --> 00:55.766 align:start position:10% line:74% size:80% IN REVENUES FROM TAXING CANNABIS 00:53.400 --> 00:58.400 align:start position:10% line:74% size:15% SALES. 00:53.700 --> 01:00.133 align:start position:10% line:74% size:70% THE CITY PLANS TO CHARGE THE 00:55.766 --> 01:01.566 align:start position:10% line:74% size:75% FULL 3% IT'S COUNTING ON A FEW 00:58.400 --> 01:03.033 align:start position:10% line:74% size:60% MONTHS OF COLLECTIONS AS 01:00.133 --> 01:06.000 align:start position:10% line:74% size:70% RECREATIONAL MARIJUANA SALES 01:01.566 --> 01:08.633 align:start position:10% line:74% size:60% RAMP UP AND LIGHTFOOT IS 01:03.033 --> 01:11.366 align:start position:10% line:74% size:72.5% PROPOSING A HIKE IN CHICAGO'S 01:06.000 --> 01:12.466 align:start position:10% line:74% size:67.5% CLOUD COMPUTING TECH IT WAS 01:08.633 --> 01:15.233 align:start position:10% line:74% size:77.5% UNPOPULAR WHEN FIRST ROLLED OUT 01:11.366 --> 01:17.166 align:start position:10% line:74% size:72.5% UNDEAR MAYOR RAHM EMANUEL AND 01:12.466 --> 01:19.033 align:start position:10% line:74% size:52.5% SET TO RISE TO 7.25%. 01:15.233 --> 01:20.900 align:start position:10% line:74% size:72.5% >> THE CITY SAYS BOOSTING THE 01:17.166 --> 01:22.766 align:start position:10% line:74% size:72.5% CLOUD TAX ALONGSIDE A HIKE IN 01:19.033 --> 01:26.333 align:start position:10% line:74% size:75% THE RESTAURANT TAX WILL NET AN 01:20.900 --> 01:29.766 align:start position:10% line:74% size:45% EXTRA $37 MILLION. 01:22.766 --> 01:32.366 align:start position:10% line:74% size:77.5% AND FINALLY, CITY OFFICIALS AND 01:26.333 --> 01:37.466 align:start position:10% line:74% size:80% DEVELOPERS BROKE GROUND ON 1,000 01:29.766 --> 01:40.833 align:start position:10% line:74% size:65% M A RESIDENTIAL HIGH-RISE. 01:32.366 --> 01:42.266 align:start position:10% line:74% size:72.5% THE PLANNED 74 STOREY TO YOUR 01:37.466 --> 01:44.933 align:start position:10% line:74% size:77.5% HAS TOWER HAS BEEN IN THE WORKS 01:40.833 --> 01:45.233 align:start position:10% line:74% size:75% FOR SEVERAL YEARS BUT THERE IS 01:42.266 --> 01:47.000 align:start position:10% line:74% size:72.5% DOUBT THAT THE TOWER WILL GET 01:44.933 --> 01:49.000 align:start position:10% line:74% size:15% BUILT. 01:45.233 --> 01:51.066 align:start position:10% line:74% size:77.5% IT IS A HIGHER PRICE POINT THAN 01:47.000 --> 01:53.900 align:start position:10% line:74% size:55% OTHERS IN THE AREA AND 01:49.000 --> 01:54.533 align:start position:10% line:74% size:67.5% DEVELOPERS ARE BEING QUIET. 01:51.066 --> 01:57.400 align:start position:10% line:74% size:80% 23% OF THE PLANNED 421 UNITS ARE 01:53.900 --> 02:00.366 align:start position:10% line:74% size:37.5% UNDER CONTRACT.