SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Morning Shorts

Thursday, Sep 30, 2010

* Home prices to take hit next year in many markets

The Standard & Poor’s/Case-Shiller 20-city index released Tuesday ticked up in July from June. But the gain is merely temporary, analysts say. They see home values taking a dive in many major markets well into next year.

That’s because the peak home-buying season is now ending after a dismal summer. The hardest-hit markets, already battered by foreclosures, are bracing for a bigger wave of homes sold at foreclosure or through short sales. A short sale is when a lender lets a homeowner sell for less than the mortgage is worth.

Add high unemployment and reluctant buyers, and the outlook in many areas is bleak. Nationally, home values are projected to fall 2.2 percent in the second half of the year, according to analysts surveyed by MacroMarkets LLC. And Moody’s Analytics predicts the Case-Shiller index will drop 8 percent within a year.

* Index Shows Increase in Housing Prices

* Mortgage companies may be contributing to delinquencies in foreclosure rates

Despite the passage last year of the federal Home Affordable Modification Program, foreclosure filings in Chicago’s six-county region rose 38 percent from the first half of 2009 to the first half of 2010, according to data from the Woodstock Institute, which tracks foreclosure activity in the region.

The program, part of President Obama’s comprehensive plan to address the housing crisis and restore economic stability, helps struggling homeowners avoid foreclosure by reducing their monthly mortgage payments.

Among other criteria, eligible candidates must have a monthly mortgage payment greater than 31 percent of their gross monthly income and have suffered a loss of income that prevents them from making payments.

But Katie Buitrago, policy communications associate for the institute, said actual delinquency is not a requirement.

* Marin: Feel Safer? Thanks to Cook County government, you’re not

* Chicago’s uninsured ahead of national average

There were more than 550,000 uninsured people — or 19.7 percent of the population — in the city of Chicago last year, according to the bureau’s American Community Survey. In Illinois, nearly 1.7 million people, or 13 percent of the state’s population, did not have insurance.

Nationally, there were 50.7 million uninsured residents, or 16.7 percent of the population, according to the data.

* Joliet Census data shows bump in population, steady poverty levels

Despite a 24 percent spike in the number of people below the poverty level statewide over the past 10 years, Joliet’s numbers remained steady over the years between 10 and 13 percent. In 2009, the number of people in poverty was 11 percent.

However, Joliet’s median household income did dip slightly from $61,061 in 2008 to $53,687 in 2009, likely due to an increase in unemployment.

* Median household income in Peoria County drops 7.8 percent

* State’s Attorney calls for probe into delinquent tax sale auctions in Madison County

Mudge’s request follows by two days the publication of a News-Democrat investigation, which showed that Bathon took in about $140,000 in campaign donations from investors who bought delinquent property tax debts.

Those investors were routinely allowed to buy property owners’ tax debts at an 18 percent penalty rate — the maximum allowed under state law. The investors took in up to $200,000 apiece in penalties for some years.

“State law affords county treasurers wide latitude on how to conduct these sales,” Mudge wrote. “However, I believe an independent review is in order in light of the recent concerns expressed about these former practices.”

Mudge, a Democrat, added: “Everyone should be careful not to politicize this exercise during a campaign season. These authorities are aware of the situation, and I am confident that they will conduct a fair, independent and proper review.”

* Investigation: Tax auctions look ‘like government-sponsored loan-sharking’

* Tax buyers, politicians benefit from tax sales

* Madison County Republicans call for investigation

* Madison County Democrats fire back on tax sale

* News-Democrat: What’s really up for auction?

* LORIMOR: Timing is right to push for southern Illinois MSA

Despite it being one of the larger communities south of Springfield, Carbondale and its surrounding area is not within one of those designated areas. That’s not uncommon, but most of the land within Illinois’ borders east of Interstate 55 and south of Interstate 72 is also outside of an MSA. That means communities such as Charleston-Mattoon, Effingham, Mount Vernon, Marion and, of course, Carbondale can be easily overlooked in government reports.

Seems like quite a blind spot, especially when talking about a region that relies heavily on government programs to get by.

* Unemployment Figures Improve in Some Counties

Franklin County dropped 1.4%, but is still ranked 3rd highest statewide.

Hardin County remained the same at 12.3 unemployed. Perry County dropped from 12.5% to 11.8% And Saline County is out of double digits now at 9.9% from last year’s 11.2%.

* Cook County Property Tax Bills Out Late This Year

Different officials are blaming each other for why the bills are going out late. But regardless of who’s to blame, Blue Island Mayor Don Peloquin says his city will be hurt by the late payments.

* Conrad Black asks judge to toss conviction

* Judge Posner: Conrad Black’s crimes ‘old-fashioned fraud’

* Demonstrators call for jobs program funding

* Some progress on Metra watchdog

Metra officials said they also want an independent watchdog but prefer someone picked by the Regional Transportation Authority, which has oversight of the three transit agencies in the region. Another option is an IG named by the people who appoint the Metra board of directors, who include the Chicago mayor, the chairman of the DuPage, Kane, Lake, McHenry and Will County Boards, and Cook County Board members.

* 2011 CTA budget to avoid fee hikes, service cuts

Once again the CTA, which faces almost $7 billion in unfunded capital needs, will reluctantly use capital funds meant for improvements to help balance the day-to-day 2011 operating budget and avoid reducing services again, according to the proposed budget released Wednesday.

* CTA bus driver OT soars since layoffs

* Lehner: A Metra rider’s lament

* Pedestrians face local fines for ignoring train signals, crossing tracks

* Milbank: The power of Jarrett

Certainly, Jarrett fills an important role for Obama: She has deep and personal ties to the president, as well as undivided loyalties, and can talk honestly to him on a first-name basis. But current and former White House officials I spoke with raised questions about Jarrett’s effectiveness and judgment.

* Daley on Olympics: “It’s all about money”

* Southtown Star: Commissioners now free to just tweet it. But why?

* Aurora seeks to slash payroll costs

With a projected $18 million deficit looming for 2011, the city has once again offered its employees the chance to voluntarily leave city service, with incentives.

For those who stay, the city is requiring each employee to give up 10 percent of their salary. That money can come from wages or benefits. Chief Management Officer Carie Anne Ergo said that however it’s done, the city is seeking a total of $8.4 million in savings.

That amount, Ergo said, would minimize upcoming layoffs, but not prevent them.

* Mt. Prospect offers buyouts to avoid layoffs

* Carol Stream mayor defends red-light cameras

* Orland Square Mall tax objection could take more than 18 months to resolve

* I-Team Report: Cicero’s Super Car

* Tazewell County adjusts health plans

* Veterans Home receives second round of funding for construction projects

* Champaign schools budget shows deficit

* Grafton City Council to vote for annexation

* Vote fraud, tax trial resumes for former East St. Louis councilman

Prosecutors allege that Collins lived at 4382 Redfield in Swansea but voted from 22 Loisel Drive in East St. Louis in an election in which a federal candidate was on the ballot. Collins is accused of using the Loisel address to get work in and around East St. Louis and to be the Democratic committeeman in Precinct 26.

* Judge allows former ESL councilman limited mobility until sentencing

* Fairview Heights Mayor says council has formed voting blocs that harm city

* Tea Party to host rally Saturday in O’Fallon

* New Mayor in West Frankfort

- Posted by Barton Lorimor        


2 Comments
  1. - Rich Miller - Thursday, Sep 30, 10 @ 3:10 pm:

    Poor Barton. He got up at 5 in the morning to put all this together and nobody shows him love.


  2. - Barton Lorimor - Thursday, Sep 30, 10 @ 3:19 pm:

    Nobody knows the trouble I’ve seen through this gig, Rich :)


Sorry, comments for this post are now closed.


* Cruz hearts Flynn
* Rezko moved to halfway house
* *** UPDATED x8 - Munger to appeal - AG Madigan response - Rauner response - "No one getting paid" - AFSCME to appeal *** Cook County judge: Illinois can't pay state workers without a budget
* *** UPDATED x1 *** Federal judge: Pay DCFS workers
* Today's quotable
* *** UPDATED x1 - Kirk campaign calls ads "false" and "sickening" *** Kirk under fire from enviro groups
* Get off the back bench, please
* A triangulating shift
* Counting the absent legislators
* Credit Unions – 100 Million Strong
* The reddest of meat
* Today's number: 47
* SUBSCRIBERS ONLY - Supplement to today’s edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * Go against the undead, defend towers in ‘Last Hope – Heroes Zombie TD’
        * Google Maps for Android update will allow you to hide interface elements and share saved maps
        * 5 essential mobile phone features (that no one cares about anymore)
        * OnePlus 2 launching with 4GB of high-performance RAM
        * Win the Tour de France digitally in official Android game
        * Withings' Activité and Activité Pop Updated With Swim Tracking Capabilities
        * Hooks, The App That Lets You Get A Notification For Almost Anything, Lands On Android And Apple Watch

        * Klok Stuffs Multiple Time Zone Clocks into the Notification Center
        * Riot Games invests $30 million in Curse to help online gamers talk
        * Facebook to Build $500 Million Data Center in Texas
        * Two Ways to Budget If You Have Irregular Income
        * This Cheat Sheet Explains Camera Filters and When to Use Them
        * Shot on an iPhone, ‘Tangerine’ Captures a Moment in Time
        * Rdio Adds More Curated Stations To Combat Apple’s Beats 1

        * Ruminations on the Chris Sale-Mark Buehrle duel
        * Quintana hopes for run support against Blue Jays
        * Sale fans 6 in complete-game win over Jays
        * White Sox turn tables after opponent's mistake
        * Sale named AL All-Star, goes the distance
        * White Sox 4, Blue Jays 2: Chris Sale-Mark Buehrle duel meets expect...
        * Sale fans 6 in complete-game win over Jays

        ...............


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        July 2015
        June 2015
        May 2015
        April 2015
        March 2015
        February 2015
        January 2015
        December 2014
        November 2014
        October 2014
        September 2014
        August 2014
        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * Updated: Judge rules no pay for Illinois worker.....
        * Judge rules no pay for Illinois workers without.....
        * Judge Rules Not All State Workers May Be Paid -.....
        * Rauner wants appeal of ruling that state worker.....
        * Illinois state workers cannot be paid in full w.....
        * Rauner wants appeal of ruling that state worker.....
        * Rauner wants appeal of ruling that state worker.....
        * Rauner wants appeal of ruling barring full stat.....
        * Rauner wants appeal of ruling barring full stat.....
        * Rauner wants appeal of ruling barring full stat.....


        * Unions to appeal ruling barring full Illinois worker pay
        * Judge: Chicago jail's newspaper ban violates 1st Amendment
        * Voters go to polls for primary in race for Schock's seat
        * Judge rules no pay for Illinois workers without state budget
        * Rauner wants appeal of ruling barring full state worker pay
        * Drew Peterson's murder-for-hire trial again delayed
        * Judge rules no pay for Illinois workers without state budget
        * University of Illinois spends $843K for legal defense
        * Federal judge orders Illinois state payments without budget
        * Chicago group sues 3 suburbs over gun store regulations

        * Judge rules no pay for state workers without budget agreement; Rauner, union want appeal
        * Judge rules no pay for state workers without budget agreement
        * University of Illinois spends $843K for legal defense against professor denied job
        * Federal judge orders state to keep funding DCFS even without budget
        * ACLU seeks federal enforcement of Illinois child services
        * Despite state budget deadlock, there are ways out
        * Despite budget deadlock, there are ways out
        * Statehouse Insider: Take the over on when this impasse is going to end
        * Springfield School District has paid nearly $500K in pension penalties in past 6 years
        * East St. Louis paid big legal fees to state senator's firm

        * Corzine, ex-MF Global officials to settle investor lawsuit
        * Kroll finds cracking the ratings tripoly tougher than sleuthing
        * Budget or no budget, keep funding DCFS, judge tells Illinois
        * How can state workers get paid when there's no state budget?
        * Horizon Pharma makes hostile bid for Depomed


          * Unruly Metra passenger head-butted conductor, police say
          * Judge: No full pay for Illinois workers without state budget
          * Canadian wildfire smoke affecting Illinois air quality
          * U. of I. spends $843K for legal defense against Steven Salaita
          * Chicago group sues 3 suburbs over gun store regulations
          * Man, 58, charged in Calumet Heights fatal shooting
          * Person wounded in South Chicago -- fifth shooting in neighborhood in 16 hours
          * Hot on the trail: Chicago to expand Northwest Side cycling, walking path on river
          * Divvy discount coming for low-income Chicagoans
          * Man, 20, charged with shooting downtown after July 4 fireworks


          * CPS, Emanuel warn of deep cuts, layoffs to school district
          * Emails show Emanuel, top officials aware of Clinton's private address
          * Illinois voters head to polls in primary for Schock's seat
          * Judge rules no pay for Illinois workers without state budget
          * The legacy of Willie Dixon on his 100th birthday
          * Ex-Illinois US Rep. Reynolds doesn't show for arraignment
          * At eleventh hour, CPS makes huge pension payment
          * Preckwinkle may reevaluate sales tax plan if Springfield acts on pensions
          * Deadly weekend in Chicago highlights city's gang warfare
          * Thai Town opens at last in Albany Park


          * Judge rules no pay for state workers without budget agreement; Rauner, union want appeal
          * University of Illinois spends $843K for legal defense against professor denied job
          * Federal judge orders state to keep funding DCFS even without budget
          * ACLU seeks federal enforcement of Illinois child services
          * Our Opinion: Don't let a few voters decide who goes to Congress
          * Fullerton, Konar and Reif: Pope Francis' message a chance for Illinois to plan ethically for climate change
          * Despite state budget deadlock, there are ways out
          * Bernard Schoenburg: Independent redistricting proposal could be on 2016 ballot
          * Statehouse Insider: Take the over on when this impasse is going to end
          * Statehouse Insider: Take the over on when this impasse is going to end


          * Judge rules no pay for Illinois workers without state budget
          * Danville schools' No. 2 headed back to Peoria
          * Street closures listing
          * PODCAST: Penny for Your Thoughts 07-07-15
          * Judicial circuit for Sangamon County applies for cameras
          * Peterson returns to court in murder-for-hire trial
          * Federal judge orders Illinois state payments without budget
          * Boycott drive gains strength, raising alarm in Israel
          * U.S. military chiefs face tough questioning from senators
          * Obama chimes in on pop culture, 140 characters at a time


          * Gurnee willing to spend $1.425 million to land a Portillo's
          * Afghan official: Senior Islamic State figure killed
          * Julianne Moore, Kristen Stewart play at Chanel's casino
          * EPA chief: Climate plan on track despite mercury ruling
          * Judge rules no pay for Illinois workers without state budget

          * House lawmakers overcome hurdle on key tra...
          * Rodney Davis talks funding with Bloomingto...
          * The agency that fought Illiana gets a new ...
          * Rep. Dold takes educational cruise down Ch...
          * Lawmakers decry high turnover rate of VA h...
          * CBD Oil, and politics
          * Simon considering state Senate bid
          * Killer Congressman Tom MacArthur trying to...
          * Shutdown? State may not notice
          * Rep. Bob Dold

          * Fake letter has top Dem meddling in Ukrain......
          * Fake letter sparks allegations of US meddl......

          * NRDC TV Ads Call Out Kirk on Climate - Vir......
          * Environmental Groups Launch Anti-Kirk Ad C......

          * State Workers Can't Get Full Pay During Budget Stalemate, Judge Says
          * State Workers Can't Get Full Pay During Budget Stalemate, Judge Says (UPDATED)
          * Chicago's Minimum Wage Increases To $10
          * CNU conversations: Retrofitting suburbia, organically?
          * The NEA RA: The vote on institutional racism happened yesterday. The debate happened today.
          * I have met the institution and it is us.
          * Pastor Sees Chicago Cops Running Around Street. What He Finds Astounds Him
          * 18th CD to determine primary candidates today
          * Thorner: White House Conference on Aging: Will Elder Justice be addressed sufficiently?
          * 18th CD to determine primary nominees today


          * New Report Examines Issues, Strategies for Dealing with Urban Flooding in Illinois
          * IEMA Radiochemistry Lab One of Nine in U.S. Selected for Federal Training - Will Enhance State, Federal Response Capabilities
          * IL Department of Insurance Recommends Essential Health Benefit (EHB) Benchmark for Plan Year 2017
          * IDOT, State and Local Police Join Forces for Fourth of July Safety Campaign: “Drive Sober or Get Pulled Over” - Emphasis on drunk drivers, seat belt law violators to last through Sunday
          * State, Teamsters Reach Tentative Agreement - Workers at IDOT, DHS, IDES, and CMS in Cook County to Vote on New Contract




              Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller