Chief Financial Officer
Chicago Transit Authority
Thomas J. McKone was named the Chief Financial Officer and Treasurer of the Authority in August 2024. Mr. McKone first joined the Authority in 2012 as Vice President of Budget, Management, & Capital Finance, during which time he led the development and execution of the Authority's operating and capital budgets and served as Acting Chief Financial Officer. He spearheaded the efforts to balance the Authority’s operating budget after the recent economic recession and helped lead the Authority's multi-billion-dollar capital infrastructure modernization efforts. In 2016, Mr. McKone took the role of Chief Administrative Officer, overseeing the administrative departments responsible for hiring, employee benefits, workforce development, agency performance management, transit asset management, purchasing, and EEO. He also serves as chair/vice-chair of the Retiree Healthcare Trust and Retirement Plan for Authority Employees. He is a graduate of the University of Chicago with a Master’s in Public Policy and a B.A in economics and statistics from Northwestern University.
Public transit programs are seeing increased pressures from decreased ridership, remote work, fair avoidance, and outdated facilities. How can these agencies thrive in the face of these headwinds?