Chicago Transit Authority sets new deadline for fare hike, service cuts
Posted November 07, 2007 10:00 pm
The Chicago Transit Authority has approved a set of service cuts and fare hikes that will take effect January 20th if the agency doesn't receive state government funding.
The agency postponed higher fares and service cuts set for last week when Governor Rod Blagojevich offered it $21 million in state money. But on Wednesday the CTA board voted to cut 81 of its 154 bus routes, raise fares to as much as $3.25 and lay off more than 2,400 workers at the new deadline.
CTA President Ron Huberman says the agency would start running a deficity starting January 1st, and that it is out of options.
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