SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Reader comments closed for the weekend

Friday, Sep 30, 2011

* My wife was in an auto accident a little over a month ago. Nobody was hurt, but our car was crunched but good. She picked up the car today in Chicago and said it looked brand new, which is good since it’s not even a year old. She loves that car and she’s ecstatic right now, so this one’s for Wasan

Honey, it ain’t your money
Baby, I got plenty of that

- Posted by Rich Miller   Comments Off      


And now the Chicago Board Options Exchange considers leaving Illinois

Friday, Sep 30, 2011

* First CME started shopping itself around, and now CBOE is looking at relocating

The parent of the Chicago Board Options Exchange has held talks with a number of governors and state officials about a possible move of its headquarters to another state after Illinois raised its tax rate, providing another challenge to the city’s status as the self-styled “derivatives capital of the world.”

January’s tax increase is seen increasing CBOE Holdings Inc.’s (CBOE) state tax bill by a quarter. Chicago-based CME Group Inc. (CME), the world’s largest futures exchange operator, is also talking about relocating its headquarters.

“We’ve had a series of meetings with people in this state and outside this state,” said Bill Brodsky, chairman and chief executive of CBOE, in an interview. “The bottom line is that we don’t want to leave Illinois, but the structure that exists as it relates to exchanges is virtually punitive.” […]

Chicago’s derivatives exchanges form the nucleus of a broader financial services sector that is also being hit by the tax rise, said Brodsky. The trading business is estimated to employ around 120,000 people in the city, and has expanded to fill the gap left by the decline of its manufacturing base. […]

“Our goal is to find a way that will remove the punitive aspects that will allow us not to move operations out,” Brodsky said. “Hopefully we will come to a solution, but if not we have many other alternatives.”

It may already be too late, but I really think we need to seriously consider repealing that corporate income tax hike.

- Posted by Rich Miller   15 Comments      


This just in…

Friday, Sep 30, 2011

* 1:56 pm - Illinois AFL-CIO President Michael Carrigan just sent this e-mail to his executive board. I confirmed it with Cullerton’s office…

Patricia Cullerton, mother of Illinois Senate President John Cullerton, D-Chicago, died Thursday at Tabor Hills, a retirement home in Naperville. She was 85.

“President Cullerton is taking this time to honor her memory and celebrate the proud legacy she left in her family,” said Rikeesha Phelon, spokeswoman for Cullerton.

Patricia Cullerton, a Chicago native and longtime resident of Winfield, had nine children and more than 20 grandchildren. Her husband, John J. Cullerton Sr., preceded her in death.

Visitation is from 2-7 p.m. Sunday at Williams-Kampp Funeral Home, 430 E. Roosevelt Road, Wheaton. A funeral Mass will be at 11:30 a.m. Monday at St. John the Baptist Catholic Church in Winfield.

My most sincere sympathies are extended to President Cullerton and his entire family.

- Posted by Rich Miller   Comments Off      


Unsolicited advice

Friday, Sep 30, 2011

* Dear Gov. Pat Quinn,

You’d probably better set aside more money in your budget to fight a blizzard of lawsuits over your planned facility closures

Among the potential roadblocks is a statute designating the Chester Mental Health Center as the state’s sole facility for treating certain kinds of violence-prone residents. The governor wants to move the residents to an existing facility in Alton.

In addition, moving nearly 2,000 inmates out of the Logan Correctional Center will cause additional overcrowding in the state’s already cramped prison system, potentially opening up the state to an inmate lawsuit. […]

In addition to requiring statutory changes allowing Alton to begin serving Chester residents, mental health advocate Mark Heyrman, a facilitor for the Chicago-based Mental Health Summit, said state laws limit how Quinn can use the savings he says he will get from closing the three centers.

* Dear Tammy Duckworth,

It’s “Dick” with a “D.” Try to remember that the next time you send out a fundraising e-mail…

…Adding… But this Duckworth campaign e-mail update ain’t bad at all…

Here’s the good news: when we totaled it up at lunch yesterday, we realized that Tammy has raised $386,504 for the primary from over 2,000 people.

* Dear Community Unit School District 300,

If Sears moves its headquarters because the company’s local economic development area authorization is allowed to expire, you’re gonna get even less tax money

“EDA is not the way.”

“RIP, EDA.”

Allison Strupeck, director of communication services in Community Unit School District 300 admitted, “I’ve been thinking a little too much about what the slogans might be.”

Those are slogans Strupeck said she hopes to see and hear soon around the Carpentersville-area school district as it treads into uncharted waters to stop the extension of the EDA — economic development area — special property tax status around Sears’ Prairie Stone corporate headquarters in Hoffman Estates.

District 300 is working with students, staff, parents, community groups and legislators to remove an amendment to Illinois Senate Bill 540 that would extend the EDA past its expiration in mid-2012. That’s because those tax incentives hand about $14 million in tax dollars each year that would go to District 300 instead to the EDA generally bordered by I-90, Route 72, Beverly Road and Prairie Stone Parkway, school district officials say.

* Dear ten percent of the American public,

Are you freaking blind?

Three years after a financial crisis pushed the country deep into recession, an overwhelming number of Americans — 90 percent — say that economic conditions remain poor.

* Dear ComEd,

You might wanna consider the distinct possibility that you’ve been cursed

Wind gusts knocked out power to 31,000 people overnight, ComEd officials said.

Perhaps canceling your Cubs skybox would do the trick.

* Dear 47th Ward Democratic Committeeman Gene Schulter,

Perhaps your organization wouldn’t be such a laughing stock right now if you had spent more of this money over the years

Schulter’s two campaign committees had $187,299 in cash on hand, with another $647,141 invested in certificates of deposit as of June 30, state records show.

* Dear Robert Schmidt, husband of embattled state Sen. Suzi Schmidt,

What kind of person calls 911 because his wife locked him out of the house after she discovered on Christmas morning that he was allegedly having an affair with their neighbor? Yeah, she threw stuff at you, but, sheesh dude, couldn’t you just walk away, perhaps to that very same neighbor’s house?

* Dear Chicago Tea Party honcho Steve Stevlic, who is co-hosting this weekend’s TeaCon 2011 event,

In retrospect, I’m sure you would agree that it probably wasn’t a good idea to taunt Congressman Jesse Jackson, Jr. after his marital problems were exposed when you yourself had been busted two months earlier by the coppers for soliciting the services of a, um, woman of the evening.

It’s fantastic that you weren’t convicted after you agreed to attend a rehab program. Here’s hoping that you’re a better person now. And I mean that without any snark in my heart. But you still might wanna try to keep a low profile during the upcoming festivities.

* Your turn…

- Posted by Rich Miller   30 Comments      


Question of the day

Friday, Sep 30, 2011

* First, a little background from the Bloomington Pantagraph

State Comptroller Judy Baar Topinka defended the raises for members of her staff during a stop at an animal shelter in Normal Wednesday morning.

A Chicago-based nonprofit group, the Better Government Association, criticized Topinka for providing raises of at least 3 percent to 56 employees.

“This is a small raise and we’re not talking about huge amounts of money,” she said. “Plus, we are down on our headcount by 24 people and $1.5 million.”

The raises for nonunion staffers were also based on an effort to create more parity with the unionized work force. Under existing contracts, those raises were set at 4.5 percent.

“I had all of these folks who for years have been working, working, working and I didn’t want to have to force them to join a union to get a raise,” she said.

* Now, on to the editorials. The Champaign News-Gazette

We’re broke, but here’s a raise

In Illinois, budget belt-tightening has a whole different meaning than is generally understood.

With the state effectively bankrupt, should top state elected officials be handing out pay raises to their staffs? […]

Here [is the reasoning]: The raises were given because employees took on new, more serious duties; the pay raises were given as a matter of equity because the employees had been previously underpaid; and the raises were given to nonunion employees because union employees had received raises.

Those explanations are reasonable. What’s unreasonable is handing out any raises in these offices when the state is effectively broke.

A floundering private business could never get away with this kind of money management. In the private sector, having no money means having no money. In the public sector, that doesn’t seem to be a problem — at least not in Illinois.

* State Journal-Register

This is a bit like the class valedictorian and student council president getting caught phoning in a bomb threat as a prank on their high school. Here we have the lone Republican constitutional officers, the ones who have preached fiscal responsibility to the point of advocating combining their offices to save money, doing the very thing that so drives taxpayers and good government groups crazy. […]

Sure, we get the excuses: Pay equity. Promotions. Adjusting for new duties, etc. But some of the raises handed out by Rutherford and Topinka seem at most excessive and at the very least, tone-deaf.

It doesn’t help public perception that news about these raises arrives only with help from the Freedom of Information Act or by good-government groups sifting through state data.

All the excuses in the world aren’t going to do anything to assuage voter anger, especially since some voters haven’t had raises in many years, and in many cases have seen pay and benefits shrink. Add in the fact that we are paying more taxes to help the state out of a fiscal crisis, and this move isn’t going to do anything to stem the ire when terms are up.

* Beloit, Wisconsin Daily News

Across the state line, the insanity continues. […]

The ill-timed raises demonstrate the obvious. Illinois’ leadership — pardon our gross misuse of that word — clearly is constitutionally incapable of exercising sound fiscal judgment.

Who knows? Maybe their rationale is to rake in a few final bucks before the state’s entire fiscal house of cards collapses. Chances are it’s too late to save this spend-happy state anyway. […]

Failure for years to deal with known problems landed Illinois in this fix. The only solution, eventually, may be the humiliation of bankruptcy. Really.

* Northwest Herald

Giving pay raises to state workers demonstrates political tone deafness. That was the case when Quinn did. It’s still the case now that Rutherford and Topinka have done it.

* Belleville News Democrat

They all have excuses and explanations for the new jobs and the big raises. But no way should they be doing this in the midst of a fiscal crisis. They’re supposed to be leading us out of this mess, but instead they are adding to the problem.

* The Question: Are editorial boards overreacting to these raises for non-union employees? Take the poll and then explain your answer in comments, please. Thanks.


- Posted by Rich Miller   58 Comments      


SB 1652: A National Model for Smarter Regulation

Friday, Sep 30, 2011

[The following is a paid advertisement.]

Prominent experts in utility regulation are speaking out about Senate Bill 1652 (Electric Infrastructure Modernization Act).

Here’s what they are saying:

“ComEd is the only utility proposing legislation that includes performance standards linking utility investments to service reliability improvements. SB 1652 establishes a new era of accountability to consumers and serves as a national model.”

    - John Kelly, Galvin Electricity Initiative

“(SB 1652) is an innovative approach to setting electricity rates that is compatible with good regulation, market realities and the goal to modernize Illinois’ electric grid.”

    - Ken Costello, former regulator, principal at the National Regulatory Research Institute

“Changing regulatory policy is not easy, nor should it be. But this bill represents one opportunity for Illinois to shape policy that protects consumers, spurs needed investment in a fragile grid and creates much-needed jobs.”

    - Ray Romero, former commissioner at the Illinois Commerce Commission

“The long term success of a digital grid requires that we free ourselves of outdated thinking and stereotypes, and embrace innovation as we have in so many other facets of every day life.

    - David O’Brien, former Vermont Commissioner of Public Service

For more information, visit www.SmartEnergyIL.com.

- Posted by Advertising Department   Comments Off      


The final insult

Friday, Sep 30, 2011

* Sheesh

The unsuccessful 2011 mayoral campaign of Carol Moseley Braun has failed to file documentation on how $315,000 in campaign funds was spent, something that is required by state law.

Illinois Board of Elections officials told the Chicago Sun-Times and NBC5 News they have been unsuccessful in getting either Braun or her now-defunct campaign to explain how the money was spent.

Candidates are required by law to file quarterly campaign disclosure statements. In an April 15 filing, Braun reported raising $323,000 and spending $315,000.

In the report, the Braun campaign listed “Vendors Multiple” instead of itemizing expenditures over $150.

* And any remaining good will for Carol Moseley Braun should now vanish forevermore

Any fault, according to Moseley Braun, lies with her former treasurer, Billie Paige.

“If Billie Paige neglected to (detail those expenses), it doesn’t surprise, she is elderly and overwhelmed,” Moseley Braun said by phone this week.

First of all, Billie Paige resigned as Braun’s campaign treasurer on April 13th. If this reporting problem was her fault, Braun has had plenty of time to straighten out the books since then.

Secondly, Paige said she warned the Braun campaign about the problem

By phone this week, Paige told NBC Chicago she had raised questions herself about the expenditure omissions.

Thirdly, Billie Paige has been one of Braun’s best friends for decades. To make these accusations now is inexcusable. Paige has defended Braun through thick and thin, and there’s been plenty of both over the years.

And, lastly, Ms. Paige is not a senile old woman. Far from it. To suggest that this problem was caused by Paige’s age and lack mental acuity is just flat-out disgusting and wrong. She’s still as sharp as a tack. The real problem was a wholly disorganized and disjointed campaign apparatus created by Braun’s total incompetence. Nobody knew what was going on from minute to minute because Braun thought she knew best. She didn’t.

Carol Braun ran a terrible campaign, and these financial reporting problems are further proof of this fact. Thankfully, she has finally been exposed as the horribly disorganized, mean-spirited person many of us have long known her to be.

It was obvious to all of us who knew her that Paige realized early on that she’d made the biggest mistake of her life by convincing Braun to run for mayor. It weighed on her heavily, and probably broke her heart.

And now this. The final insult, and a total crock to boot.

Go away, Carol, and never come back.

- Posted by Rich Miller   41 Comments      


Indiana goes all in

Friday, Sep 30, 2011

* If this story is accurate, then Indiana’s bid for CME would appear to more than wipe out the company’s entire Illinois corporate income tax costs

So, just how much is Indiana offering CME Group Inc. to move its headquarters and perhaps other operations to the Hoosier state?

I hear the figure — in net tax savings — is a mouth-watering $150 million a year. That’s from a reliable source who claims to have obtained the information from Indiana Gov. Mitch Daniels’ office.

CME isn’t commenting on who’s offering what, though CEO Terry Duffy earlier in the week said he expects the headquarters matter to be resolved by yearend.

But, in a conversation with my colleague John Pletz on Thursday, Indian’s top economic development official, Dan Hasler, stopped way short of waving us off that number.

The Hoosiers really want that company to move across the border. Illinois cannot afford to compete with an offer like that, but it also cannot afford to lose such a valuable corporation.

Ugh.

- Posted by Rich Miller   59 Comments      


Protected: SUBSCRIBERS ONLY - Supplement to today’s edition and a campaign roundup

Friday, Sep 30, 2011

This post is password protected. To view it please enter your password below:

- Posted by Rich Miller   Comments Off      


Protected: SUBSCRIBERS ONLY - Today’s edition of Capitol Fax (use all CAPS in password)

Friday, Sep 30, 2011

This post is password protected. To view it please enter your password below:

- Posted by Rich Miller   Comments Off      


PREVIOUS POSTS »
* Reader comments closed until Monday
* The Pat Quinn rehab tour continues
* Question of the day
* IML, firefighters unite on "public duty rule"
* Nuclear Energy: Vital for Illinois’ Clean Power Plan Goals
* Tackling opioid overdoses
* Why didn't Hastert's secret come out sooner?
* A silly idea
* AG Madigan wants GA to eliminate statute of limitations for felony criminal sexual assault and sexual abuse crimes against children
* Caption contest!
* A very weird and specific law applies only to one county clerk
* Today's quotable
* 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

  
* How important is the warranty when you purchase a smartphone?
* Samsung Bedtime VR Stories bring children and parents to a dreamland before dreamland
* Unlocked edition of the HTC 10 ships next week
* Evan Blass goes all “Inception” with DROID Turbo 3, DROID Maxx 3
* Developer Gets Apple Watch to Run Windows 95
* Motorola punches up DROID Turbo 2 ads with dropped Galaxy S7 edge and iPhone 6s
* Digital magazine company Issuu is now a collaboration platform, too

* After clawing back, White Sox done in by late HR
* Errant offerings spoil solid start from Rodon
* After clawing back, White Sox done in by late HR
* Rodon solid but undone by pair of big hits
* White Sox place Webb on DL; recall Kahnle
* Ventura: Danks will start despite struggles
* Latos looks to stay perfect vs. Orioles

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


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

Archives
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
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


* Rauner turns to privatization push during secon.....
* OUR VIEW: Funds for Eastern fall far short..
* Some area districts would take a hit under Raun.....
* Small Business Week: The perfect opportunity to.....
* Jim Nowlan: Can Illinois be salvaged?..
* Rauner turns to privatization push during secon.....
* Rauner Signs Bill Giving State Higher Ed $600 M.....


* Flooding leaves behind sand, debris in Illinois county
* NIU faculty to form union, seeks voice in school decisions
* Troopers step up highway enforcement for prom, graduation
* Illinois budget standoff forces 300 layoffs at Chicago State
* Woman pleads not-guilty in poisoning death of husband
* Medical examiner rules bartender's death a homicide
* Singer Jamey Johnson to perform at Du Quoin State Fair
* Employee charged with arson in furniture warehouse fire
* Veteran of presidential museums name to head Lincoln library
* Swastikas, noose lead U of Illinois to call for tolerance

* Normal's Mitsubishi plant sold to liquidation firm
* Director of George W. Bush museum appointed to lead Lincoln museum in Springfield
* Swastikas, noose lead U of I to call for tolerance
* Illinois weighs college aid for students in U.S. illegally
* Young offenders hindered by system, panel finds
* Advocates fear chaos after Rauner home health care ruling
* Report: Laws holding back juveniles with criminal records
* Business leaders say early childhood education funding is key to filling STEM jobs in future
* Rauner says he'll consider paying for special session to reach budget agreement
* Municipal League wants law that provides broad immunity to police, firefighters

* Amazon urged to serve minority areas in Chicago, New York
* GrubHub expands delivery into Chicago suburbs
* Citadel seeks whistleblower status in spoofing case
* Foe unloads on Congressman Bill Foster as a 'bully'
* Groupon falls after revenue forecast goes without a boost


* Obama guidance, press schedule, April 30-May 1, 2016. WHCA Dinner
* Arthur Bryan III, owned The Redhead Piano Bar, dead at 55
* WATCHDOGS: The Donald & the Democrat; Burke saved Trump $11.7M
* Brown: Emanuel backing 4 percent surcharge on Airbnb bills
* BGA: Sister wants feds to review fatal shooting by off-duty cop
* Sweet: Trump playing ‘woman card’ against Hillary could backfire
* 9 wounded in overnight shootings on South, West sides
* MAP: Chicago weekend shooting tracker for April 29 – May 2
* Two shot in South Shore
* Man shot, critically wounded in North Lawndale


* 8 children, including 2 toddlers tied down in backyard, rescued from Texas home
* NFL draft winners and losers: Chicago, Big Ten, John Danks, Ohio State
* Ex-Loyola players say Sheryl Swoopes' coaching methods behind mass transfers
* Iraqi Shiite protesters breach heavily-fortified Green Zone, storm parliament
* LINDA C. BLACK HOROSCOPES for 4/30/16
* Putting the fun back in baseball, as if it ever lost it
* Baseball wages unwinnable battle against players who try to cheat game
* Young Bears fan goes 'fishing' for favorite player Willie Young
* Blackhawks say inconsistency of forwards, not defense, was biggest problem
* Blackhawks' expensive core well worth the price to Stan Bowman


* Charles Krauthammer: The world according to Trump
* U.S. Sen. Mark Kirk: Why Gitmo can't be closed
* Normal's Mitsubishi plant sold to liquidation firm
* Director of George W. Bush museum appointed to lead Lincoln museum in Springfield
* Swastikas, noose lead U of I to call for tolerance
* Illinois weighs college aid for students in U.S. illegally
* Young offenders hindered by system, panel finds
* Advocates fear chaos after Rauner home health care ruling
* Report: Laws holding back juveniles with criminal records
* Bernard Schoenburg: PAC-leader Proft given 'public affairs' radio slot by policy institute


* PODCAST: The Roofing Dog 4-30-16
* PODCAST: Daniel E. Holder & Associates 4-30-16
* PODCAST: Urbana Business Association 4-30-16
* PODCAST: Market at the Square 4-30-16
* PODCAST: Illini Tutoring 4-30-16
* Business schedules weekend sale
* The Bible is definitely needed in our country
* Weekend planner: A Downton-ish event downtown
* Who lives here? April 30, 2016
* Humans are more than evolved cells


* The Latest: Iraq tightens security after Green Zone breach
* NIU faculty to form union, seeks voice in school decisions
* Troopers step up highway enforcement for prom, graduation
* Kenya burns huge pile of ivory tusks to protest poaching
* Illinois budget standoff forces 300 layoffs at Chicago State

* 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

* Cahokia Mounds Could Become National Monum......

* U.S. Sen. Mark Kirk: Why Gitmo can't be cl......

* Teachers (Deborah Meier).
* Straight out of Brooklyn.
* Tony at the Red Line Tap.
* Teachers (Margaret Mead).
* “The Driver’s Side” – News From The Motorist’s Perspective
* Illinois is normal to the United States, and not just because of Normal, Ill.
* Nursing Home Workers Picket For Higher Wages
* Cartoon Of The Day
* Chicago Rolls Out Water Testing Programs For Homes, Schools
* Cartoon of the Day - 4/29/16 Curt Schilling


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller