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Online Staff Report
CHICAGO — Illinois Gov. Pat Quinn (D) has announced $100 million from the Illinois Jobs Now! construction program to repair municipal and township infrastructure throughout the state.
The funding will help communities throughout Illinois combat potholes and make other critical infrastructure repairs following the historic winter weather Illinois faced.
“The extreme and historic winter has left many roads in rough shape,” Quinn said. “This investment will help local communities repair the damage done by Mother Nature and improve the quality of life for residents and businesses.”
The announcement includes approximately $4.6 million for local governments in Boone, Carroll, DeKalb, Jo Daviess, Lee, Ogle, Stephenson and Winnebago counties. The funding is the last of a series of annual transportation investments that municipalities have received through Quinn’s Illinois Jobs Now! program since 2010. In his fiscal year 2015 budget address, the governor proposed a bipartisan working group to develop a new capital spending plan for the next five years.
The projects will be selected and managed locally, with the Illinois Department of Transportation (IDOT) providing oversight.
“This capital funding for local transportation projects shows our continued dedication to supporting local governments,” IDOT Secretary Ann Schneider said. “These local projects will improve the quality of life for residents, stimulate the economy and address immediate infrastructure needs.”
In addition to the Illinois Jobs Now! funds, local governments in the counties listed above will receive more than $26.5 million in Motor Fuel Tax funds this year.
Two bond rating agencies have released their reviews of Illinois’ finances ahead of the upcoming sale of $250 million in General Obligation bonds that will finance roads, bridges and schools around the state. While they say the state still has work to do, they note the hard work the state has done to cut costs, pay down old bills and pass a comprehensive pension reform plan.
According to Fitch Ratings, “The governor’s recommended budget for the coming fiscal year would … provide a basis for the state to achieve fiscal balance.”
For a list of the local governments receiving funding, visit dot.il.gov.
Posted April 9, 2014