CTA threatens huge cuts
Sun-Times (Mark J. Konkol):
With no guarantee of more state transit cash, CTA officials are set to pick from a grim menu of scenarios that could increase train fares to as much as $3.40, or cut bus and rail service severely enough to put 3,500 employees out of work.What's this shortfall mean for Blagojevich?
CTA staff Wednesday outlined five choices -- all of them bad news for riders -- to fill the agency's growing $55 million budget gap if state lawmakers don't find a new way to fund transit in the Chicago area....
Gov. Blagojevich has pitched a CTA bailout that would be linked to ending a $65 million tax break given to businesses on computer software purchases.