Pritzker unveils $41.5 billion capital plan

A proposal shown to lawmakers includes major new spending on roads, transit, schools and more, but would require a doubling of the gas tax and new levies on items like vehicle registration, liquor, cable TV and ride-hailing.

Getty Images from CRAIN’S BUSINESS CHICAGO

GREG HINZ ON POLITICS
CRAIN’S CHICAGO BUSINESS
May 17, 2019

After months of pondering, Gov. J.B. Pritzker today began briefing state lawmakers on his much-anticipated capital plan, and it’s both big and expensive—$41.5 billion over six years, to be financed in part by a doubling of the state’s tax on gasoline.

According to background documents obtained by Crain’s, Pritzker wants to pair just under $25 billion in state spending (mostly new, but some reprogrammed) with $10 billion in expected federal funds with $6.6 billion in local and private funds, saying that work is needed because Illinois infrastructure is in “dire” shape.

Read the full article at:
chicagobusiness.com

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