If the U.S. House of Representatives fails to extend the federal transportation bill by Saturday, the CTA stands to lose millions in federal funding.
Overall, the area’s transit systems could lose $1.2 million a day in federal gas tax revenue, the Tribune reports.
Not surprisingly, the extension has been bottled up in the Republican-controlled House. The U.S. Senate two weeks ago passed a two-year, $109 billion bipartisan transportation bill. That measure keeps funding at about current level. It also would restore the $230 monthly limit that mass transit users can shield from income taxes. It was reduced to $125 a month this year, while commuters who park enjoy the higher level of tax reductions.
The House could pass the two-year Senate bill, or vote to approve what would be the ninth extension of the current law that expired in September of 2009.
One CTA project that could be affected is the environmental phase of the Red Purple Modernization project. The bill also funds many highway projects, and threatens to put many construction crews out of the work.
So, the fun and games continue in the Republican-controlled House.