www.illinois.gov

Pat Quinn, Governor

State Links Skip to Content Skip to State Links

 Government
 Business
 Employment
 Education
 Health & Safety
 Family & Home
 Travel & Recreation
 About Illinois
 Illinois.gov

Stay Informed

Your Government


Illinois Flag Honors

Inspector General


 IGNN: State/All Press Release

ILLINOIS NEWS
The State of Illinois News page provides access to the Illinois Government News Network and all state press releases.


FOR IMMEDIATE RELEASE
November 11, 2009

Governor Quinn Announces Comprehensive Agreement for CTA and Paratransit Fare Freeze
Agreement Will Aid Region’s Riders During Tough Economic Time

CHICAGO – November 11, 2009. Governor Pat Quinn today announced an agreement with the Chicago region’s major transit agencies that will prevent fare increases for the Chicago Transit Authority and Pace paratransit services in 2010 and 2011. The agreement was made between the State of Illinois, the Regional Transportation Authority (RTA), Chicago Transit Authority (CTA), Metra and Pace.

“Access to affordable and reliable public transportation is imperative for Chicago-area transit riders,” said Governor Quinn. “Today’s comprehensive agreement will stabilize public transit and will hold the line against any CTA fare increases for the next two years.”

Under the agreement, the RTA will issue bonds for capital projects in 2010 and 2011, allowing federal dollars earmarked for capital projects to be shifted to CTA’s operational budget that will help the agency deal with its financial shortfall.

The RTA will issue general obligation bonds to provide the CTA with $83 million in each 2010 and in 2011 for capital projects. The Illinois Department of Transportation (IDOT) will enter into a multi-year agreement with the RTA to cover the cost of debt service for the first two years of the bonds. Any subsequent debt service assistance will be evaluated on an annual basis. In return, the CTA has agreed to cancel proposed fare hikes for 2010 and 2011.

In addition to freezing CTA and paratransit fare increases for the next two years, the State is also in conversations with CTA aimed at decreasing the number of anticipated service reductions, ensuring that riders will continue to have reliable public transportation options.

Pace will also receive additional funding from IDOT to hold the line on paratransit fare increases. Pace will receive $8.5 million a year in 2010 and 2011 for these services.

The State of Illinois will continue to work collaboratively with the agencies to identify long-term solutions.

“We will continue to work closely with the RTA, CTA, Metra and Pace to make sure that we can provide affordable and reliable public transportation for the Chicago-area,” said Gary Hannig, Illinois Transportation Secretary.



###

News Categories

 State/All
 Governor's Office
 Lt. Governor's Office
 Agriculture
 Budget/Fiscal
 Business
 Children/Families
 Culture
 Disabilities
 Economic Development
 Education
 Environment
 Flag Honors
 Health/Human Services
 History
 Infrastructure
 Opportunity Returns
 Recovery
 Safety/Security
 Technology
 Tourism/Recreation
 Transportation
 Workforce/Jobs

News Resources

 Search the News
 IIS Radio News
 RSS News Feeds
 e-News Subscriptions
 Communications Office
 Privacy Statement

Features

Sign up for an e-news subscription
Copyright © 2014 State of Illinois Site Map | Illinois Privacy Info | Kids Privacy | Web Accessibility | Contact Us