The cuts to funding for new transit projects would not affect the first phase of the CTA's $2.1 billion Red-Purple Line modernization program. In the last weeks of the Obama administration, the city was able to pass a tax-increment financing bill to help match $1.1 billion in federal funding. The program, which starts at the end of next year, will rebuild century-old tracks and four stations while constructing a bypass north of the Belmont station to allow for more capacity.