The Illinois Department of Transportation is seeking authorization to spend $675 million in “found money.” The money comes from a variety of sources:
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$275 million by advancing projects planned for Fiscal Year 2014 into the current fiscal year
$175 million more than expected from the federal government due to a funding formula being changed
$110 million occasioned by reducing contributions from the Road Fund to other state agencies
$65 million from money for local projects that went un-spent
$50 million in unanticipated revenue
Transportation Secretary Ann Schneider says lawmakers should approve this. They were asked to do so in the Lame Duck session last week. Now, a vote is possible in February. The projects that would be funded haven’t been determined. IDOT has a list of projects that need doing, and will determine which ones are most needed, most affordable and most ready to go.