CHICAGO — Illinois lawmakers signed off this week on a $26 billion capital budget that relies on a series of new and increased fees and expanded gaming to repay borrowing needed to support the state’s $12 billion share in funding the package.
The Senate overwhelmingly approved the legislation late Wednesday and the House approved it late yesterday. The capital plan has strong bipartisan support and is a top legislative priority for Gov. Pat Quinn. It has been 10 years since the last major public works program passed — the $12 billion Illinois FIRST program — and there has been a six-year drought in bonding authorization for capital projects.