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Tollway CFO: First-quarter revenues near budget; Tri-State capital spending ahead of forecast
Summary
At a Finance and Audit Committee meeting, Illinois State Toll Highway Authority CFO Kathy Williams reported preliminary, unaudited first-quarter 2025 results showing revenues roughly on budget, lower operating costs, and higher-than-expected capital spending on the Tri-State Tollway.
At a Finance and Audit Committee meeting of the Illinois State Toll Highway Authority, Chief Financial Officer Kathy Williams presented preliminary, unaudited first-quarter 2025 budget-to-actual results, saying revenues were roughly in line with the budget while capital spending on Tri-State Tollway work exceeded forecasts.
Williams said, "For the most part, it's pretty much an uneventful quarter," and that total revenues were about $2.3 million higher than budget, driven mainly by passenger-vehicle (PC) toll revenue and higher short-term investment income.
The nut of the committee discussion was the mix of revenue and timing of capital work. Williams reported operating expenditures…
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