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A sigh of relief is being heard throughout the Chicago region as state and transit officials reached an agreement that would see CTA fares stay at their current prices.
Illinois Governor Pat Quinn worked with officials to use capital funds, which are meant for new projects, expansion, and equipment upgrades, towards paying employees and for day-to-day operations. This deal would mean that the $3 fare to ride the ‘L’ would be held off.
The CTA is facing a $300 million deficit for 2010 which would increase over the next few years.
Sources: MSNBC, Chicago Sun-Times
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