The proposal would replace the Regional Transportation Authority​ — which oversees the Chicago Transit Authority, Metra commuter rail, and Pace suburban buses.

Illinois state lawmakers spent hours on Thursday debating a proposal to overhaul the state's mass transit systems, though they have yet to announce a specific plan for addressing a $770 million budget deficit looming over the Chicago area's public transportation system.

Illinois lawmakers are negotiating a major reform of how the Chicago area’s mass transit agencies are managed. Tyler Pasciak LaRiviere/Sun-Times Share After months of debate, Illinois legislators released a transit reform proposal that renames the Regional Transportation Authority,