Gov. Pat Quinn finally signed the $31 billion capital spending bill, with about $900 million set aside for the CTA. It's the first real state capital spending law in 10 years.
A total of $2.7 billion will fund (pdf) all Chicago-area public transit over five years, including Metra and Pace. "leveraging up to $2.7 billion in additional federal funds, according to the Illinois Jobs Now Web site.
I haven't been yet able to find an updated account of how the dollars would be allocated among projects.
The state will pay for the capital program with higher motor vehicle fees and higher liquor taxes. The state will also legalize video gambling in bars and other venues.