Past Due: A Third Deficit

Sep 10, 2015

Illinois residents may be aware of the state’s budget deficit and the severe underfunding of its public pension systems. But a new report from the University of Illinois’ Institute of Government and Public Affairs identifies the state’s future infrastructure funding needs as a so-called third deficient.

Martin Luby, an associated professor at DePaul University and author of the report, says the state would need at least $4 billion in new annual revenues to meet its infrastructure needs in the coming decades without going too far into debt.