• June

    8

    2019
  • 41
  • 0
Illinois General Assembly approves $45 million infrastructure capital bill

Illinois General Assembly approves $45 million infrastructure capital bill

pritzker

The Illinois General Assembly has passed the state’s first Capital Bill in 10 years – a $45 billion multi-year package of transportation (horizontal) and building (vertical) improvements.

The program, branded “Rebuild Illinois” will spend roughly:

  • $28.6 billion on transportation;
  • $5.9 billion on education facilities at both higher education and K-12;
  • $4.4 billion in deferred maintenance at state facilities;
  • $1 billion in environment and conservation projects;
  • $711 million in economic and community development;
  • $440 million on healthcare and human services facilities, and
  • $420 million in broadband deployment.

Funding for the plan will come from a variety of sources including increases to gas taxes, license plate and vehicle registration fees, cigarette taxes, garage and parking lot taxes, as well as from revenues captured from expanded gambling and sports betting, the Construction Industry Service Corporation (CISCO) reports in its newsletter.

Other funding relies on bonding and federal funds.

The Governor’s Office says that the “Rebuild Illinois” program will create 540,000 jobs.

 “After years of neglecting our state’s roads, bridges, mass transit, and buildings, Illinoisans’ health and safety have been jeopardized, and job creation has been hindered,” Gov. J.B. Pritzker said in a statement.
“I’m proud that the state is on the verge of adopting a bipartisan infrastructure plan for the first time in a decade. Our plan to rebuild our roads, bridges and communities will create hundreds of thousands of jobs throughout our state. The Rebuild Illinois plan will reinvigorate our economy and strengthen our rightful status as the transportation and supply chain hub of the nation.
“This historic step forward wouldn’t be possible without the leadership of Senators Sandoval, Manar, Hutchinson, DeWitte, Tracy and McConchie, and Representatives Hoffman, Arroyo, Gordon-Booth, Spain, McDermed and Butler, and countless advocates. I look forward to signing Rebuild Illinois into law to create jobs and make it easier to do business across our state.”

 

Source: Chicago Construction News Illinois General Assembly approves million infrastructure capital bill

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