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Thursday, April 25, 2024

ILLINOIS CHAMBER OF COMMERCE: Illinois' Dilemma: Billions In Capital Needs, But Prospects Dim For Funding Plan

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Illinois Chamber of Commerce recently issued the following announcement.

Most legislators say capital plan won't happen this year. A group of business and labor representatives said last week that the state would need to spend $21 billion a year to bring the state's roads and public buildings "into a state of good repair."

The huge price tag is partly the result of years of deferred maintenance on buildings and years of not having sufficient money to adequately maintain the state's transportation system, said the report from the Illinois Economic Policy Institute.

Original source can be found here.

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