CTA accepts short-term funding fix

[terrya]

And perhaps the General Assembly can come up with a funding plan that would avert these rate hikes and cuts in service.

CTA accepts short-term funding fix
By Jon Hilkevitch | Tribune transportation reporter
3:19 PM CDT, September 12, 2007
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Digg Del.icio.us Facebook Furl Google Newsvine Reddit Spurl Yahoo Print Single page view Reprints Reader feedback Text size: The CTA's top officials this afternoon accepted a $24 million funding advance proposed by Gov. Rod Blagojevich to avert fare increases and service cuts set to take effect Sunday and Monday, but the agency's doomsday scenario will still take place in November unless new funds are obtained.

CTA Board Chairman Carole Brown announced the short-term solution after meeting in Blagojevich's Chicago office to discuss funding proposals. Before taking effect, the move needs to be green-lighted by the RTA in a meeting scheduled for Friday.

Brown said the plan will "give the legislature more time to craft a long-term funding solution for the region."

http://www.chicagotribune.com/news/local/chi-ctameet_websep13,1,2335363.story