State Budget Woes

The state budget was scheduled to be finished April 7, but still isn't completed. One of the most significant hang-ups is the lack of a capital improvements project.

With money intended to go towards new programs, there simply isn't any room for the road improvements. But that doesn't mean the current administration doesn't have a plan.

Through the “Opportunities Returned” plan Gov. Blagojevich would like to borrow roughly four billion, to fund road construction.

With Illinois borrowing more money last year than ever in the state’s history, many legislators believe more loans can’t and won’t be paid for anytime soon.

Without the state providing funds, the contribution from the federal government falls drastically as well, so if the budget does pass without a capital improvement plan, money for roads would have to come from another source. Higher taxes or higher debt for the state would most likely by that source.