Why is such drastic action needed now?
The budget Pace presented to the RTA for 2007 was only a six month budget. The remainder of the year depended on new money from the State of Illinois that has not materialized. Therefore, the current budget has expired and is out of balance. Pace must be fiscally responsible, so a new balanced budget needs to be presented to the RTA as required by law. Although Pace has worked with the RTA and the other agencies on the Moving Beyond Congestion effort to get more funding for transit, the state has not provided any solutions.
