CHICAGO — The Illinois State Toll Highway Authority unveiled a proposed $1.5 billion budget for 2013 that banks on $1 billion in borrowing to finance projects planned under the system’s $12 billion capital program announced last year.

The ISTHA budget allocates $922 million for capital projects aimed at reducing congestion and pollution, expanding the 286-mile system and improving roads. A total of $771 million of the capital spending will pay for projects in the $12 billion Move Illinois program.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.