Your fares and buses are safe for now.

The state scrambled this morning to authorize $27 million in stopgap funding for the CTA, which then called off its Nov. 4 price hikes and service cuts.

It prevents a crisis, but remember that a second “Doomsday” is due Jan. 6. The CTA projects a $158-million deficit next year.

“The ultimate solution” may be some time from now, said Ian Savage, an NU faculty member who researches public transit. He pointed out that putting off the Sept. 16 crisis brought legislators no closer to a long-term agreement.

“This isn’t exactly free money,” said Savage. It comes from a bond fund, which the CTA uses for improvements.

Shocked? Relieved? Dreading January? Let us know!