CTA Statement on Postponing Service Reductions and Fare Increases

September 14, 2007

CTA will postpone the elimination of 39 bus routes, fare increases and layoffs of more than 600 employees originally planned for Sunday, September 16. Earlier today the Regional Transportation Authority (RTA) ? the financial oversight agency for CTA, Metra and Pace ? approved the proposal made by Governor Blagojevich to provide CTA with an advance of $24 million of the agency's 2008 subsidy for reduced fares. The advance of funds will allow CTA to postpone the service reductions and fare increases until Sunday, November 4. This temporary solution will spare riders from reduced bus service and higher fares, while allowing additional time for the state legislature to reach agreement on a long-term solution for the chronic insufficient funding issues faced by CTA, Metra and Pace.

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