The Illinois Tollway Board of Directors approved a balanced 2023 Budget in December with $1.55 billion in revenue allocated to fund maintenance and operations, debt service transfers and capital investments for the 294-mile system.
The 2023 Budget is an increase of 3.9 percent over the 2022 Budget.
The 2023 Budget will allow the Tollway to allocate $427 million for maintenance and operations, as well as nearly $1.12 billion for direct funding and debt service on capital investments.
Annual maintenance and operations costs in 2023 provide for an Information Technology budget of $40.7 million which includes $6.6 million in support of new software to modernize processes, $94.3 million for State Police, Roadway Maintenance and Security and Safety services, as well as $99.3 million for Operations and Business Systems departments to provide customer services support and enhancements.
Funding provided in the 2023 Budget will allow the Tollway to commit $1.47 billion for capital spending in 2023, including funding for the 12th year of the agency’s Move Illinois capital program including systemwide maintenance, continuing work on the Central Tri-State Tollway (I-294) Project and work to build the new I-490 Tollway Project.
The 2023 Budget is posted on the Illinois Tollway website www.illinoistollway.com for public viewing.
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