Illinois Tollway ’13 budget to be subject of hearings, available on-line (Chicago Tribune)

November 9, 2012 – The Illinois Tollway’s proposed 2013 budget will be the subject of two public meetings next week and is available on-line for review and comment, the agency has announced. The tentative spending plan covers annual maintenance and operations on the tollway system, as well as $922 million in capital projects scheduled to be underway next year. Tollway officials said they are encouraging the public to comment on the budget. “This budget doubles the tollway’s capital spending over 2012, prioritizes improvements to our roadways and customer service, identifies new efficiencies and keeps our growth in baseline operating costs to just 4 percent,” Executive Director Kristi Lafleur said in a statement. The tollway will spend $771 million next year as it starts rebuilding and widening the Jane Addams Memorial Tollway and the Elgin-O’Hare bypass project, according to the proposed budget. To help pay for the projects, the tollway anticipates taking in $977 million from tolls in 2013 — thanks to the 87.5 percent increase that went into effect Jan. 1. No new tolls are expected in 2013, Lafleur said. The tollway plans to issue as much as $1 billion in bonds next year for its projects and future capital needs, officials said.

Link to Full Article: http://www.chicagotribune.com/news/local/breaking/chi-illinois-tollway-13-budget-to-be-subject-of-hearings-available-online-20121109,0,3281372.story

Link to Illinois Tollway 2013 Tentative Budget: http://www.illinoistollway.com/documents/10157/86a78295-82e9-4624-861e-c7cb0c57d46c

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s