Inside Transportation

From Capital Partnerships LLC

Illinois Proposes 5 year, $10.9 B "Maintenance" Plan

Illinois DOT announced a $10.9 Billion plan focused only on maintaining the existing highway system last week. The high cost of asphalt, steel and other construction materials makes it almost impossible to build new roads, noted IDOT. Three-fourths of the funding will go to maintaining roads and bridges, and about one-fourth will be directed at expansion and congestion relief.

A gross receipts tax on business revenues is proposed to generate the necessary  $ 3 billion to pay for bonds. Most Illinois business interests oppose this funding mechanism.

Approximately 45% of the plan will be spent through 2013 in the Chicago area with the remainder throughout the State.

This plan is one more example of a transportation system on life support unable to keep pace with growth and requisite mobility.

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