Illinois like many US states is facing a crisis in its aging and crumbling road infrastructure system. Transport is a key fundamental building block of economic growth and prosperity.
In a commentary in todays Chicago Tribune, John Mccarran provided details of the 10-year tab for upgrading Illinois' transportation system to the standard it needs to be need.
According to James R Reilly chair of the state's Capital Development Board; and Metropolitan Planning Council "senior fellow." quoted own the commentary, Illinois needs raise by half its license plate fees and more than double the state's motor fuel tax by 30 cents (it's now 19 cents per gallon) to finance $43 billion worth of repairs and improvements, That represents $147-a-year per Illinois resident.
In a state facing a fiscal budget and government debt crisis, it needs to attract private investors to plug the financing gap to address the physical gap in its transportation system.
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