We mentioned yesterday morning the deal struck between the RTA and the state of Illinois which would provide enough funding to prevent a fare hike at the CTA for the next two years but wouldn't prevent the $90 million in service cuts originally proposed by the CTA. At a press conference yesterday, we got some of the details of the deal. Well, "deal" is a loose term as you'll see. The move isn't so much eliminating the CTA's debt as it is slightly reducing and really prolonging it. The Tribune breaks down the deal like so:
