From Illinois Business Journal news services
SPRINGFIELD – The Illinois Chamber of Commerce is applauding the unanimous vote by the Senate this past week for putting the Lockbox Amendment — an Illinois Chamber initiative — on the November ballot.
This constitutional amendment, HJRCA 36, will protect money collected for transportation infrastructure, and ensure that they are only spent on road, rail and bridge projects. Since 2003, more than $6.4 billion has been swept from the state’s Road Fund, and this Lockbox Amendment can stop that.”
“This is, of course, not the last step. Together with lawmakers, the Illinois Chamber will spend the next six months explaining to local Chambers, business owners, laborers and taxpayers that the amendment will honor the promise that infrastructure projects will be sole beneficiary of the Road Fund. This will lead to a better transportation network, more jobs, and a growing economy,” said Todd Maisch, president and CEO of the Chamber.
State Sen. Bill Haine, D-Alton, was the lead sponsor in the Senate.
“This is a common sense action to take. Fees collected by the state that are related to transportation should be used to reinvest in highways, railroads and bridges,” Haine said.
“This is about ensuring Illinois has the means to keep its infrastructure functional for years to come. When Illinois has a solid infrastructure, our economy is able to grow, and that is what Illinois needs right now: growth. Additionally, when we invest these funds into keeping our roads functional, we create jobs employing people who have contracts with the state. This is a pro-growth measure to keep Illinois moving.”
The amendment was adopted by the Senate on Thursday and it now goes to the governor for consideration.
Lockbox Amendment would protect money collected for transportation projects