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Welcome to the Illinois Mechanical & Specialty Contractors Association
IMSCA’s Summary of the Governors Proposed Capital Budget
Governor Quinn outlined his Fiscal Year 2010 budget plan last week to a joint session of the Illinois General Assembly. Here are some highlights of the Capital Budget infrastructure programs identified in the Governors address.
The total of the proposed Capital Budget is $26.5 billion. Of this amount, approximately $10.6 billion is from state funds, $11.6 is from federal funds, $2.4 billion is from local sources, and just under $2 billion is from the stimulus package.
By category, $10.1 billion is for a multi-year road program. $3.9 billion is for road and bridge repair, $4.2 billion is for schools and higher education, almost $2 billion is for environment, energy and technology projects, $5.1 billion is for rail, mass transit and airports, $266 million is for state facilities and $971 million is for economic development.
The real question now is how will the General Assembly fund the Capital plan. The Governor has suggested that Road and bridge projects funding will be paid for by increases in fees for motor vehicle registration, driver's licenses and the road fund. Transit projects will be funded by increases in motor vehicle title fees. School, Higher Ed, State facility, environment, energy, technology and economic development will be financed by increases in the corporate income tax and a portion of the increased personal income tax.
The following breakdowns give an overview of proposed spending:
State Facilities
- $252 million for 79 projects through CDB
- $4.4 million for deferred maintenance at 14 state agencies
Education
- $1.5 billion for a three year school construction grant program
- $25 million for pre-school facilities initiative
- $461 million for public university new construction
- $110 million for public university capital renewal
- $108 million for community college new construction
- $126 million for community college renovation
- $ 414 million for public university renovation
- $54 million for community college capital renewal
- $100 million for private university construction, renovation, modernization and maintenance
- $100 million for school maintenance grant program
Economic Development
- $1.075 billion for regional economic development
- $25 million for affordable housing
- $100 million for healthcare facilities
- $3 million for port development
Transportation
- $14 billion-bridge repair, maintenance and improvements to roads, highways and interstates
- $4.6 billion-mass transit agency buses, rail cars, new train stations, bus garages and rail yards, reconstruct commuter rail bridges and elevated rail structures
- $96 million-improve rail tracks and rail freight facilities
- $380 million-airport improvements
Legislators will now debate the entire budget and changes will probably be made in the request from the Governor. Since it has been almost 10 years since we have had a capital program there are close to 1000 projects on the list.
Last modified: May 18th, 2009 @ 09:56 am.