Regional transportation officials may transfer $74 million from Metra and Pace to the CTA in an attempt to delay catastrophic cuts to Chicago’s transit system.

On Thursday, Regional Transportation Authority board members will vote on the measure, which the oversight body said would help delay catastrophic cuts to the CTA early next year while all three transit agencies hope lawmakers will come to their rescue with more state funding.

The CTA, Metra and Pace are facing a budget gap in the hundreds of millions of dollars next year as federal pandemic aid runs out. All three agencies are preparing to cut service as much as 40% next year, and, most likely, to increase fares. But the CTA is scheduled to hit its fiscal cliff first, some months before Metra and Pace.

Allocating more money to t

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