Projected Operating Costs And Revenues for the Regional Transportation Authority Proposed Annual Program And Budget for Fiscal Year 1978
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In our eReader you can find the full English version of the book. Read Projected Operating Costs And Revenues for the Regional Transportation Authority Proposed Annual Program And Budget for Fiscal Year 1978 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Projected Operating Costs And Revenues for the Regional Transportation Authority Proposed Annual Program And Budget for Fiscal Year 1978
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By far, the largest single reason for the increase is the expectation that the current inflationary cycle will continue at a rate of 6% per annum. Transit is universally recognized as a "labor-intensive" industry, inasmuch as payroll comprises the greatest factor of costs. For the CTA, labor costs represent approximately 82 percent of total operating expenses.
Labor CTA expects to spend $280,700,000 for operating labor includ- ing fringe benefits in RTA's fiscal 1978. For the prior fiscal year,... labor cost is estimated at $259,750,000.
The major cause for this increase is the periodic adjustment of the CTA wage rates to correspond with the changes in the Con- sumer Price Index for Chicago. For 1978, CTA assumed a 6% in- crease in this index. However, it should be noted that any B-1 - 2 significant change in the CPI has a direct and almost immediate effect on the labor cost. Employees' fringe benefit costs will also be affected by projected increases in the cost of medical insurance, FICA and Workmen's Compensation claims.
What to read after Projected Operating Costs And Revenues for the Regional Transportation Authority Proposed Annual Program And Budget for Fiscal Year 1978?
You can find similar books in the "Read Also" column, or choose other free books by Chicago Transit Authority to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
By far, the largest single reason for the increase is the expectation that the current inflationary cycle will continue at a rate of 6% per annum. Transit is universally recognized as a "labor-intensive" industry, inasmuch as payroll comprises the greatest factor of costs. For the CTA, labor costs represent approximately 82 percent of total operating expenses.
Labor CTA expects to spend $280,700,000 for operating labor includ- ing fringe benefits in RTA's fiscal 1978. For the prior fiscal year,... labor cost is estimated at $259,750,000.
The major cause for this increase is the periodic adjustment of the CTA wage rates to correspond with the changes in the Con- sumer Price Index for Chicago. For 1978, CTA assumed a 6% in- crease in this index. However, it should be noted that any B-1 - 2 significant change in the CPI has a direct and almost immediate effect on the labor cost. Employees' fringe benefit costs will also be affected by projected increases in the cost of medical insurance, FICA and Workmen's Compensation claims.
What to read after Projected Operating Costs And Revenues for the Regional Transportation Authority Proposed Annual Program And Budget for Fiscal Year 1978?
You can find similar books in the "Read Also" column, or choose other free books by Chicago Transit Authority to read onlineMoreLess
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