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Click Here To Read The Report, “IDOT Shutdown: Understanding The Economic And Transportation Consequences.”.pdf

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Preview of Click Here to Read the Report, “IDOT Shutdown: Understanding the Economic and Transportation Consequences.”
🔗 Source: illinoisepi.files.wordpress.com
📊 Size: 1.19 MB
👤 Author: Jill Manzo
⬇️ Downloads: 71

Summary

The Illinois Department of Transportation (IDOT) will cease all construction work on June 30, 2017, due to the state's budget stalemate, despite having available funds from federal aid, fuel taxes, and local sources. A shutdown is expected to have significant economic and transportation consequences, including:
- A $1.77 billion reduction in economic activity in FY 2018
- 23,000 job losses, with middle-class construction workers most affected
- $115 million reduction in state and local tax revenues
- $155 million increase in demand for unemployment insurance
- Increased congestion and transportation safety problems due to delayed infrastructure projects.

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Description

The Illinois Department of Transportation (IDOT) will cease all construction work on June 30, 2017, due to the state's budget stalemate, despite having...

Technical Information

  • File Format: PDF
  • File Size: 1.19 MB
  • Pages: 8
  • Language: EN
  • Author: Jill Manzo
  • Total Downloads: 71
  • Last Updated: 2 days ago

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