Kane County Board Chairwoman Corinne Pierog issued a statement Friday (April 1, 2022) praising a bipartisan effort to help Kane County taxpayers with the future financial responsibility of the Longmeadow Parkway Bridge Corridor.
Pierog issued the statement during a visit to the State Capitol in Springfield.
The 5.6-mile-long corridor at the north end of Kane County is projected to be completed and opened in 2024 and is expected to create tens of thousands of new jobs and to improve traffic safety. In order to finance the bonds to pay for the new corridor, the Kane County Boards had approved the use of a toll.
"Our legislative leaders and local lawmakers are eagerly working to find innovative solutions in the state budget that will ease the impact of a scheduled toll motorists using the bridge will have to pay starting in 2024," Pierog said.
In her statement, Pierog thanked Illinois House Speaker Emanuel Chris Welch, state Senate President Don Harmon, state Reps. Anna Moeller and Suzanne Ness; and state Sens. Cristina Castro and Linda Holmes for trying to find a funding solution before the end of the Spring Session on April 8.
"Since the current County Board inherited the significant debt of the Longmeadow Parkway Bridge Corridor, our representatives in Springfield have unified behind an effort to find financial help that will protect Kane County taxpayers," Pierog said.
With the support of local legislators, Pierog said funding will be made available in the state capital bill for fiscal year 2023 that will "help Kane County retire the bonds and reduce or eliminate the planned toll."
Read more here.
Click here for a 2021 update of the Longmeadow Parkway financial plan posted by the Kane County Division of Transportation.
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