The Illinois Commission on Government Forecasting and Accountability says it’s time for a new public works plan – and new tax dollars to pay for it.
COGFA Executive Director Dan Long says a 2010 capital program has run out of resources.
CAPITAL PLAN 1a :08 CUE: “of that nature”
Long says new revenue would help pay for bond debt to fund projects.
CATO Institute Economist Chris Edwards says governments should steer clear of selling bonds.
Edwards says states with high amounts of debt such as Illinois should cut other areas of the budget to pay for infrastructure improvements.