Officials at the Regional Transportation Authority were warning in recent days that Chicago area mass transit systems were at risk of grinding to a halt early next year.
But that scenario was sent to the back of the bus Wednesday morning when the RTA board unanimously ended a standoff over the allocation of the RTA's so-called discretionary funds.
RTA Executive Director Joseph Costello said be believes the agreement will give the "service boards" - the CTA, Metra and Pace - sufficient time to draw up their own budgets so the the RTA can sign off by the deadline of Dec. 31.
"This puts us on a reasonable track to get our budgets resolved," Costello said.
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