A CTA bus in 2021. (Don Vincent | The Daily Line)

The Northern Illinois Transit Authority (NITA) on Monday released its 2027 budget proposal, detailing a more than $5 billion operating budget in the first financial plan put forth by the agency since it began operations on Sept. 1.

NITA’s proposal also includes a nearly $10 billion capital investment plan for the next five years. The board of the newly created Chicago-area public transit authority, which oversees the Chicago Transit Authority (CTA), Metra, and Pace, will vote on the budget in December.