* Press release…
The deteriorating condition of Illinois’ transportation systems, state owned facilities, education buildings, and veterans’ homes have resulted in residents across the state experiencing pothole filled roads, overcrowded schools, and poorly maintained university buildings and state facilities. The annual cost of needed repairs and investment currently stands at $21 billion per year, according to a new study released today by the Illinois Economic Policy Institute (ILEPI).
ILEPI’s board is filled with contractors, trade unions and their allies, so keep that in mind here. I’m not saying they’re wrong, I’m just saying they’ve got their own motivations here.
* The full report is here. From its executive summary…
Illinois is due for new capital funding.
▪ Historically, transportation, education, and public service agencies throughout Illinois could depend on a capital bill approximately every 10 years.
▪ A capital bill has not been passed since the 2008 bill known as “Illinois Jobs Now!”
▪ The federal infrastructure plan depends largely on state and local governments and private organizations for funding, thus Illinois lawmakers should be motivated to supply their own capital funding.
State buildings and facilities have significant maintenance and repair needs.
▪ Total deferred maintenance needs are over $7.3 billion for fiscal year 2019.
▪ Deferred maintenance needs have grown by $550 million per year.
▪ The Departments of Corrections and Health and Human Services alone account for over 50% of deferred maintenance needs, at over $2 billion and $1.9 billion, respectively.
Education facilities are also facing massive maintenance and repair needs.
▪ Higher education facilities, including public universities and community colleges, have additional deferred maintenance needs totaling more than $5.5 billion for fiscal year 2019.
▪ The two-year capital needs for P-12 education facilities in fiscal year 2017 were $7.5 billion, averaging approximately $18.5 million per district.
Additional investment is necessary to bring transportation systems into a state of good repair.
▪ IDOT requires an additional $11 billion through the year 2023 to bring all road miles into an acceptable condition and repair all backlog bridges.
▪ The Regional Transportation Authority’s current capital needs total $19.4 billion.
▪ Downstate transit systems require $2 billion in capital improvements to both urban and rural systems over the next 10 years.
Over $21 billion per year is necessary to address deferred building maintenance and bring the state’s transportation systems into a state of good repair.
▪ Building facilities needs account for over $16 billion per year, with state owned facilities accounting for 34% of total needs.
▪ Education needs stand at approximately $9 billion per year – 44% of total needs.
▪ Almost $5 billion per year is required just to address backlog on IDOT roads and bridges and statewide transit systems.