>> Lawmakers are finally out with proposals to fund reforms to Chicago area.

Public transit.

The plan aims to fill a 770 million dollar budget gap that could shut down CTA, Metra and Pace Services.

It's one of the many physical challenges that still need to be ironed out with the state budget deadline just 2 days away.

Our Nic Blumberg joins us now live from Springfield.

Nic, what kind of funding streams might we see?

And will it do enough to keep transition going over fiscal cliff?

>> Well, short answer brandis.

If these revenue measures passed.

Yes, course.

That's still and a And now the sponsor of this state, Senator Ron Villa pollen, he has been one of the lawmakers leading the charge on the transit issue.

He said the numbers are still estimates but that current revenue would do enough to meet that 770 million dollar budget gap.

And the estimate expected to exceed that, although it would probably fall short of the 1.5 billion dollar benchmark that some lawmakers and transit advocate had been hoping for.

And there's a lot in this revenue proposal.

Let's get into some of the highlights.

There a fee on public electric vehicle charging stations, a $0.50 surcharge on tolls, but no more than a buck per car per direct.

The portion of the interest earned State Road fund toward transit.

And there are rideshare fees and real estate transfer taxes in suburban Cook County the collar counties as well.

believe on held a press availability this morning to discuss this revenue proposal a little bit of what he said.

>> Now is the time to break through the status quo, provide safe, reliable, accessible, integrated, environmentally conscious and economically impactful.

Public transit to the region and embrace a viable long-term solution.

>> And Nick, what are the Senate Transportation Committee discuss this bill earlier today would be here.

that's right.

There were quite a few lawmakers and transit advocates very excited of both about government's changes, which still need to be finalized.

There are a couple different, slightly different versions right now as well as some of these reform proposals.

But of course, this is bringing field everybody's happy.

Let's hear a little of the testimony it.

>> We strongly oppose any transit governance reform legislation that lacks dedicated and sustainable revenue source restructuring oversight without addressing funding issues is both you're responsible and counterproductive.

>> This bill in the form before today doesn't fix transit.

Instead, it takes away the ability for county and local governments provide services.

>> Now, Mark Polis, who we heard from first there, he represents a major union with workers in construction and other related industries.

They work on things like roads and bridges, which of course, are funded by the road fund and tollway money, he says told surcharges for transit are the wrong way to go as is that interest on the road fund, which we should say at last check has a balance some 3.7 billion dollars.

Now, as for Jennifer, would you know, Tara, she and other Coller County executive they're upset in particular because right now a portion of the sales tax that the RTA collects, it goes towards those collar counties.

This revenue proposal would put it all toward transit.

Now, for his part, believe on, says he has worked hard to come up with a compromise deal that everybody can agree on and that gets transit money the money.

That's what we He pushed back very forcefully on the notion that this was somehow a takeover or a bailout for Chicago.

He said this is his best attempt to achieve a world-class transit system.

enough colleagues of his agree we'll know Nic, where do things stand with the budget now?

That's right.

Last we heard budget.

Here's are still inching toward a deal that got to find a way to pay for everything.

And as we heard yesterday, Governor Pritzker says he's not interested in what he calls broad-based taxes.

But we heard earlier from one of those budget.

Here's Representative Kam Buckner.

He sounded confident that they'll meet the deadline and find something that both lawmakers and the governor can agree on.

It's also been increasing talk that lawmakers might be coming back this summer to address potential federal funding cuts.

But as for this session, the May deadline is keeping up quickly.

One staffer warned this morning to expect very long day and Brandis.

You have