Chicago Tribune - Officials: Congressional delays in transportation bill would be costly
By Jon Hilkevitch Tribune reporter
1:56 p.m. CDT, March 26, 2012
The Chicago region's public transit system would lose $1.2 million a day in federal gas tax revenue — the equivalent of two new buses — if Congress fails to prevent the Saturday expiration of the nation's transportation spending legislation, transportation officials warned Monday.
With the construction season about to get underway, major roadway and transit improvement projects would also be jeopardized unless the full Congress either passes a two-year, $109 billion transportation bill already approved by the U.S. Senate, or it approves what would be the ninth extension of the existing legislation that expired in September 2009. (Read More)
