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Illinois Tollway posts $498.3 million operating surplus in 2024, controller says
Summary
The Illinois Tollway’s controller summarized the agency’s 2024 annual comprehensive financial report to the Finance Committee, reporting higher revenue, increased capital investment and no audit findings for 2023–24; committee discussion focused on evasion recovery and past bond refundings.
The Illinois State Toll Highway Authority reported an operating surplus of $498.3 million for 2024 and a net position of about $4.7 billion, Controller Patty Ward told the Tollway Finance Committee on a routine agenda item.
Ward summarized the Tollway’s two annual financial reports — the GAAP financial statements prepared under generally accepted accounting principles and the agency-produced Annual Comprehensive Financial Report (ACFAR) — and said the Tollway submitted the ACFAR to the Government Finance Officers Association for consideration for its certificate of achievement.
The numbers show modest revenue growth and continued investment in capital projects. Total revenue rose 4.4% year…
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