Late yesterday Illinois Governor Pat Quinn signed legislation funding $31 billion in construction projects across the state, breaking a political log jam which had threatened loss of $3.7 billion in federal stimulus finding which is now included in the $31 billion construction total. The remainder of Illinois' first capital construction legislation in ten years will be funded by increased income taxes, higher driver licensing fees, and increased taxes on alcoholic beverages, tea and coffee, candy, makeup and grooming supplies. New revenue from video gambling machines now to be permitted, with a limit of five machines in any bar, restaurant, filling station and convenience store licensed to sell alcoholic drinks, is expected to contribute $300 million per year towards these construction projects.
Governor Quinn predicts this government investment will create 439,000 new jobs in Illinois.
Governor Quinn predicts this government investment will create 439,000 new jobs in Illinois.
