*** 3:08 pm *** OK, let’s start a new thread. To refresh your memories, the governor said today that he’s willing to provide another temporary bailout for mass transit in case a permanent solution isn’t found by Sunday; the RTA’s executive director said he won’t accept another temporary bailout; and Comptroller Dan Hynes says the governor has only given the RTA/CTA $37 million out of the promised $91 million temporary bailout.
Clear? OK. Now, onto our next update…
Downstate Senate Democrats are holding a press conference as I write this to say they won’t vote for a transit bailout bill until a capital projects bill is passed. They say that even though they realize transit is important, capital projects are as or even more important, particularly to them.
Also, RTA Chairman Jim Reilly just called. Reilly said that the RTA has “completed all the paperwork” for both parts of the temporary bailout proposal originally promised by Gov. Blagojevich, but that the governor’s office has not yet sent the RTA all their promised cash.. So, any leftover money that hasn’t yet been disbursed yet would not be “new” money.
Asked about his exective director’s comment about not taking another temporary money infusion, Reilly said, “I can’t imagine our agreeing to anything further, but it’s hard to comment until we actually get a proposal from the governor. ” The longer this gets delayed, he said, the more drastic the cuts or the fare increases have to be.