Deal near on RTA/CTA funding?
A combination of increased sales and real estate transfer taxes could be the ticket to allow the CTA and RTA to avoid massive service taxes, reports the Daily Herald.
The key is a half -percent sales tax increase: "A quarter-cent would go to keep trains and buses running, while the other quarter cent would go to suburban counties to build new roads and widen existing ones."
Providing money for roads may provide suburban lawmakers with enough cover with voters.
Suburban lawmakers also fought to change how the money would be divided up:
"Suburban Republican Sens. Dan Cronin of Elmhurst and John Millner of Carol Stream initially opposed the mass transit bailout because 60 percent of the money would have gone to the CTA, 30 percent to Metra and 10 percent to Pace -- despite the suburbs paying nearly two-thirds of the new taxes. The compromise would see the CTA getting 48 percent, Metra 39 percent and Pace the remaining 13 percent."
The Chicago Tribune is calling it "A decent transit deal."
Let's just hope the deal gets gone.