Instead of fixing a broken transit funding mechanism, Gov. Quinn is just postponing the inevitable by borrowing money to prevent CTA fare hikes. And as I mentioned last week, it's not at all surprising given this is an election year. As the Tribune noted in a scathing editorial Thursday, this is not doing anyone any favors, as it just piles more debt on the transit agency.
Frankly, I'd prefer a smaller fare hike and rescinding as many of the service cuts as possible. I think doing so would benefit more people.
Meanwhile, the CTA unions continue to say there's plenty of fat that could be cut in CTA management to avoid both fare hikes and service cuts. See the WGN-TV report below. I once thought the unions might come around and give in on some CTA demands, such as furlough days. I am no longer very hopeful.