Chicago Sun-Times columnist Ralph Martire says that the project warrants careful analysis before the state decides to sell-off a profit-making asset to reduce deficit.
"The Illinois Tollway...one of the most significant, and profitable assets...generated $630 million in operating revenue [and after all cost adjustment, left] a surplus of $145 million."
But "as for debt, Illinois is beyond overextended. The National Association of State Budget Officers considers state debt in excess of $1,200 per capita to be unmanageable. Illinois is now at almost twice the 'unmanageable' level, with over $2,000 in state debt per capita -- not including the $40 billion in unfunded pension obligations."
But the author argues that "using non-recurring, one-time revenue [such as selling the Tollway] to fund services helped create the mess Illinois is in today" and any such policy deserves "thoughtful consideration."
FULL STORY: State shouldn't sell itself short on tollway
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Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.
Greening Oakland’s School Grounds
With help from community partners like the Trust for Public Land, Oakland Unified School District is turning barren, asphalt-covered schoolyards into vibrant, green spaces that support outdoor learning, play, and student well-being.
California Governor Suspends CEQA Reviews for Utilities in Fire Areas
Utility restoration efforts in areas affected by the January wildfires in Los Angeles will be exempt from environmental regulations to speed up the rebuilding of essential infrastructure.
Native American Communities Prepare to Lead on Environmental Stewardship
In the face of federal threats to public lands and conservation efforts, indigenous groups continue to model nature-centered conservation efforts.
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This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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