Transit Future

Transit News

Transit Doomsday has been pushed back by a $24 million bailout that Governor Blagojevich has offered the RTA. The money will come from funds already allotted to the RTA for 2008. By moving up the payment of these funds, the “doomsday” of fare hikes and service cuts scheduled for Sept 16^th can be pushed back to November 4^th. The Governor hopes that delaying the doomsday scenario will give the legislature time to work out a long-term solution.

A long-term solution that would have both funded the RTA and reformed its governance system was rejected by the legislature earlier this week.

This entry was posted on Wednesday, September 12th, 2007 at 4:12 pm and is filed under Newsletter. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.