May 9, 2020

Gas tax revenue drop could delay road, rail projects

Gas tax revenue drop could delay road, rail projects


A think tank is warning that some major road and rail projects in Illinois could get postponed because of an expected shortfall in gas tax revenue of up to $559 million due to the COVID-19 pandemic. The Chicago Tribune reports that the Illinois Economic Policy Institute says road travel has dropped by nearly half due to the state’s stay-at-home order. Construction industry leaders say local authorities are already pulling back on some smaller projects. But the Regional Transportation Authority says the state has already issued bonds to fund the assigned projects and that delays are unlikely.



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