TITLE

Illinois RTA OKs Plan With Layoffs, Fare Hikes

AUTHOR(S)
Shields, Yvette
PUB. DATE
December 2007
SOURCE
Bond Buyer;12/18/2007, Vol. 362 Issue 32776, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the approval of a 2008 fiscal plan by the Illinois Regional Transportation Authority (RTA). The fiscal plan relies on severely simple measures including 2,500 lay-offs, fare-hikes, and service cuts to wipe out a $400 million deficit in its service boards' budgets. According to RTA, dramatic cuts and fare hikes will start in mid-January 2008.
ACCESSION #
27989521

 

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