Mayor Daley is hosting a 4 pm meeting today between the CTA unions and CTA brass in a last-ditch effort to avoid bus and rail service cuts set to take effect this Sunday.
And the unions earlier today reiterated its proposal to save about $90 million by require an estimated 11,000 union members to take 10 furlough days each this year, and deferring wage hikes in 2011 through 2013. The former would save about $20 million, and the latter about $70 million.
But as I’ve said before, I’m not sure how deferring raises next year is going to help the CTA this year.
If Daley can pull a rabbit out of his hat on this one, he’ll deserve some accolades. And maybe even buy a few votes. Time will tell.