The RTA approved 2007 Service Board budgets premised on the assumption that "a new funding source would be identified in 2007 to meet the funding requirements of budget."Similarly the Pace 2007 Suburban Service Budget stated that its budget was balanced using "new transit funds anticipated to be realized through the Region’s Moving Beyond Congestion initiative."The Metra Budget stated: "We have been advised by the Regional Transportation Authority (RTA) to prepare a 2007 budget that anticipates additional operations funding from the state. Although such funding is essential, we have no guarantee that it will be forthcoming." </ref> Nonetheless, the CTA budget recognized, "Without this new funding source, CTA will be forced to cut service." With no legislative action by August, 2007, CTA and Pace announced proposals for service cuts, popularly known as "Doomsday Plans," to be implemented September 16. The September plans were postponed when the Governor proposed advancing 2008 state subsidies.</ref> A new Doomsday date was set for November 4, but that was avoided when the Governor engineered a transfer of capital funds. Again, the legislature having failed to pass a transit bill, the three service boards proposed 2008 budgets that assumed no new funding and postulated service cuts by CTA and Pace, and the deferral of capital projects by Metra, as well as fare increases by all three agencies.</ref>