Quinn to CTA: no fare hikes if you want more state help

Gov. Pat Quinn drew a line in the sand Thursday. From the Tribune Clout St. blog:

"We need a commitment, not only from CTA, but Metra and Pace that they
are going to have a moratorium on any fare increases for the next year
or two," Quinn said. "I think it's important to make that clear. I
think the people of northeastern Illinois need to be able to get to
work and get to school and get to where they need to go without having
to pay more."

The legislature is working on rescinding free rides for seniors, but that's certainly not enough. So, the Trib reports, "lawmakers also are considering a provision to temporarily increase the
amount of money the Regional Transportation Authority can borrow to pay
for operating costs. The RTA's short-term borrowing authority would
increase from $100 million to $400 million."

As I've said all along, the proposed budget is just the opening gambit. Hold on to your hats, it could be a wild ride.

CHICAGO TRIBUNE VIDEO

Comments

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  • As I said yesterday, you don't need to know economics to run for office, and that apparently applies to Quinn. Since the claims it doesn't have any money, and needs to borrow $1 BILLION for its own obligations, just promise no fare increase and borrow another $100 million for that. No indications on how to pay for any of it, except Quinn still wants his tax increase. Pile that on jake's tax increases, too, as well as what was reflected in my property tax bill received yesterday.

    But this is pander season.

  • Update: See the Tribune editorial essentially making the same point: http://www.chicagotribune.com/news/opinion/editorials/chi-1030edit3oct30,0,6582616.story

  • So they want the CTA to borrow money to pay for operations, and promise not to raise rates? Sounds like they are trying to force more service cuts, since they would have to pay back the loan in the future while not increasing rates and while handling all of their deferred maintenance projects.

  • How is it that people run a government in ways they wouldn't run their personal finances?

    If you were in debt to a credit card company to the tune of $10,000, you wouldn't be able to tell them that you'll fix this problem by borrowing more money. That logic doesn't work.

  • In reply to chris:

    Except, of course, that some people live on plastic or get home equity loans based on an inflated appraisal and then declare bankruptcy. The state, realistically, can't do that. But I wonder who would buy the bonds, if, like honest says, there is no means of paying them.

  • In reply to chris:

    Must be an election year or something.

  • In reply to chris:

    Must be an election year or something.

  • In reply to chris:

    Well, WGN Radio and Clout Street in the Tribune report, this was used to kill the repeal of Free Rides for Seniors, since the repeal wouldn't prevent the fare hikes. http://newsblogs.chicagotribune.com/clout_st/2009/10/no-deal-to-cut-seniors-free-rides-on-buses-and-trains.html

  • In reply to jack:

    Cowards. They should take the free rides back.

  • In reply to jack:

    There is plenty of money in government budgets to pay for transit.There is plenty more that could be easily gotten with little political fall out.They just choose to the money on stupid stuff.

  • In reply to jack:

    Seniors have earned the free rides no ?

    Take the perks from the politicians and i mean every perk from pension to bodyguard end it now.

  • In reply to jack:

    Quinn is a wishy washy amoeba. Absorbs whatever is around him and turns at the drop of a hat, supporting whatever is strongest at the moment.
    If he wins the Dem primary, I will be voting Republican.

  • Ok make the seniors pay one dollar a ride.
    But why does daley's wife and all his children have a city car and driver,shouldn't they take the bus like the seniors?

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