SERVICE CUTS AND LAYOFFS

While Chicago was able to avoid fare hikes (so far), there is still a tremendous amount of service cuts that will take place in 2010.

No big fare hikes, but still service cuts remain for now, and with those cuts come 1,100 layoffs.The deal calls for the RTA to borrow $166 million over the next two years for CTA operating funds. The state would pay the interest of almost $16 million in 2010 and 2011. After that, the RTA is on the hook for the interest.