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Illinois Tollway OKs first rate hike in nearly 15 years

First publishedAug 19, 16:41 UTC
Last updatedAug 19, 18:05 UTC · 4m ago
11 outletChicago Sun-Times
Chicago Sun-Times6Illinois Tollway OKs first rate hike in nearly 15 yearsOpen ↗
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<p>Drivers on Illinois toll roads can expect to pay 45 cents more per toll starting next year and, for the first time ever, automatic inflation-adjusted increases every other year after that.</p><p>The Illinois Tollway board's unanimous Wednesday vote to raise fares for the first time in nearly 15 years is expected to bring in an extra $1 billion each year — money the agency says is needed to fund an expanding portfolio of construction projects. The Tollway's 15-year capital plan lays out $26.5 billion in projects to maintain the system and address congestion.</p><p>The new toll rates start Jan.

Reported by 1 outlet — Chicago Sun-Times. See all sources ↓

<p>Drivers on Illinois toll roads can expect to pay 45 cents more per toll starting next year and, for the first time ever, automatic inflation-adjusted increases every other year after that.</p><p>The Illinois Tollway board's unanimous Wednesday vote to raise fares for the first time in nearly 15 years is expected to bring in an extra $1 billion each year — money the agency says is needed to fund an expanding portfolio of construction projects. The Tollway's 15-year capital plan lays out $26.5 billion in projects to maintain the system and address congestion.</p><p>The new toll rates start Jan. </p><p>The hike is 45 cents per passenger vehicle, raising the current most popular toll of 75 cents to $1.20 —&nbsp;a 60% increase. Tolls will increase roughly 30% for commercial vehicles.</p><p>In an unprecedented move, the board also voted to raise future toll rates automatically every two years, tied to the rate of inflation.

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In brief
What's the story?
<p>Drivers on Illinois toll roads can expect to pay 45 cents more per toll starting next year and, for the first time ever, automatic inflation-adjusted increases every other year after that.</p><p>The Illinois Tollway board's unanimous Wednesday vote to raise fares for the first time in nearly 15 years is expected to bring in an extra $1 billion each year — money the agency says is needed to fund an expanding portfolio of construction projects. The Tollway's 15-year capital plan lays out $26.5 billion in projects to maintain the system and address congestion.</p><p>The new toll rates start Jan.
How widely is it covered?
1 outlet, average source rating 6.0/10.
When was it last updated?
4m ago.
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    Illinois Tollway OKs first rate hike in nearly 15 years

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    Chicago Sun-Times
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