Transportation Industry
ILLINOIS: Skyway Funds
Transport Topics, January, 2008 by Anonymous
BRIEF
CHICAGO - Chicago Mayor Richard Daley (D) said he won't use the $1.8 billion windfall he generated by privatizing the Chicago Skyway to give a boost to Chicago Transit Authority funding.
Gov. Rod Blagojevich (D) has suggested the idea of raiding Skyway unds for CTA after twice coming up with short-term state funding fixes that postponed proposed layoffs and fare increases.
Daley said it wouldn't be prudent for a city to sell assets to use them for its budget. The mayor added that if the governor wants to generate dollars for state infrastructure projects, he could follow the city's ead and lease the Illinois Tollway to a private contractor.
The transit money problem has been on the legislative agenda for months. Transit officials say that without...
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