SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
S&P states the obvious

Thursday, Feb 27, 2014

* Standard & Poor’s Ratings Services is releasing a report today which will hopefully stifle the goofballs who continue to compare Chicago to Detroit

“We believe Chicago can largely control its own fate, whereas Detroit cannot, nor will it be able to for some time. In our view, this may be the key difference between the two cities and may be what will allow Chicago to work through its problems rather than follow Detroit’s path on the road to bankruptcy,” concluded the report, titled “Will Chicago Suffer Detroit’s Fate?” […]

“We saw … a comparison people were making (but) our criteria made it look starkly different,” Ridley said. “People wanted to draw comparisons, where we didn’t necessarily think there were comparisons that made sense from a credit standpoint.”

The report notes that Chicago has a much higher median per-capita income, higher housing values, a lower unemployment rate and a much slower rate of population decrease over the past six decades. It also points to the 22-year tenure of former Mayor Richard M. Daley and the city’s long-range financial plans, which it lists as signs of stronger management than the Motor City, where the entrance to the mayor’s office has been something of a revolving door in recent years.

Chicago also set more money aside for financial rainy days, has more cash on hand and has a far greater ability to meet its debt obligations despite a reluctance to increase taxes.

* More

S&P added that it believes “the magnitude of Chicago’s budgetary issues does not put it in the same league as Detroit.”

* Maybe Eden Martin, who favors allowing Chicago to declare bankruptcy, will read the report today. Then again, maybe he’ll just echo this guy

Civic Federation President Laurence Msall said the report is another reminder that state lawmakers need to pass pension changes for Chicago. “We should take little solace that we are not the largest bankrupt city in America,” Msall said.

- Posted by Rich Miller        


34 Comments
  1. - train111 - Thursday, Feb 27, 14 @ 9:48 am:

    but…but… but

    Drudge says ………

    Fun to see a right wing nut-job talking point thouroughly blasted out of the water.


  2. - Norseman - Thursday, Feb 27, 14 @ 9:49 am:

    From Martin’s and Masall’s perspective, facts should not interfere with the narrative they want to portray.


  3. - A guy... - Thursday, Feb 27, 14 @ 9:50 am:

    I guess according to S&P they miss the days of the long-tenured leadership era of Coleman Young. Not. When Chicago and Detroit had similar options in the late 60s, Chicago made good decisions, Detroit made horribly bad ones. Residents stayed, sports teams stayed, corporations moved in instead of out, and the city maintained its transportation and industrial advantages. Lotta luck. Lotta skill. Lotta stubborn Chicago pride. Using the same formula, we can lick the issues in front of us now. It appears S&P and Msall agree on that.


  4. - wordslinger - Thursday, Feb 27, 14 @ 9:57 am:

    The “Detroit” drumbeat will continue. It’s an easy hook, regardless of whether it has any basis in reality.

    I’m curious that S&P felt the need to chime in with a special report. I wonder where that came from?


  5. - Walker - Thursday, Feb 27, 14 @ 10:06 am:

    The chattering investment class warriors must have been upsetting the self-proclaimed defenders of marketplace reality.

    When are the smarter members of their own organizations going to call out Msall and Eden Martin for their partisan buffoonery?

    Their organizations exist to help grow a healthy Chicago and Illinois, not to unfairly badmouth us all for political purposes.


  6. - Pensioner - Thursday, Feb 27, 14 @ 10:08 am:

    Considering what SP did or failed to do during the housing bubble with credit default securities, no one should really care what they do or say. Totally not credible.


  7. - From the 'Dale to HP - Thursday, Feb 27, 14 @ 10:08 am:

    Hits keep on coming for the Tribune Editorial Board too. They’re one of the biggest and loudest supporters of this hyperbole.


  8. - Grandson of Man - Thursday, Feb 27, 14 @ 10:09 am:

    “Using the same formula, we can lick the issues in front of us now.”

    I feel this optimism also, although we have tough sledding ahead, with the city pensions and the choices that will be made. I hope but am not holding my breath that some of the union ideas will be implemented in pension reform. I do agree with Mayor Emanuel, that property owners should not have to shoulder too large of a burden. I would like some sort of compromise.

    I read this morning that Detroit pensioners plan a large protest this weekend. One pensioner in the story reportedly nets $1,500 per month, and this will be cut by 34%. Ouch!

    http://www.freep.com/article/20140224/NEWS01/302240125


  9. - A guy... - Thursday, Feb 27, 14 @ 10:20 am:

    Grandson, I share your optimism. Until everyone feels a similar stake in the game, they don’t always sit at the table and get dealt in. I think everyone knows now that it’s time to get very serious about the various constituencies they all represent. It’s a more high profile issue now and the general public is paying enough attention to provide motivation and restraint when necessary. If any side is too greedy, they’ll get called on it. If anyone is uncooperative, they’ll be poked. I believe our state and city will find a solution. There’s more riding on it now and an angry electorate might make the biggest difference. There might be lower turnout, true, but those who do come are armed this time.


  10. - anon - Thursday, Feb 27, 14 @ 10:21 am:

    The facts haven’t persuaded our conservative friends that climate change is real. So why would they pay attention now to the clear differences between Chitown and Motown?

    Walker makes a good point about Msall and Martin who chronically warn the sky is falling, instead of seeking constructive ways to address problems to improve the City.


  11. - Fan - Thursday, Feb 27, 14 @ 10:24 am:

    Ah yes, this goofballs and nutjobs just need a little more fairy dusting is all.


  12. - TheDopeFromHope - Thursday, Feb 27, 14 @ 10:27 am:

    That Chicago is not Detroit is true. That Chicago is on the same road Detroit was years ago is also true.

    Coleman Young’s plan was to “persuade” the successful to leave Detroit because most of them were not his supporters. Is that the Dems’ plan for Chicago and Illinois as well?


  13. - Commander Norton - Thursday, Feb 27, 14 @ 10:36 am:

    I see what they mean, saying that decades of Daleys brought more stability to Chicago than Detroit enjoyed with its many troubled mayors. But does anyone else find it disturbing that a private company is opining rather authoritatively that long-term machine governance beats a more active and democratic polity where there’s a good chance an incumbent will be ousted?


  14. - RonOglesby - Thursday, Feb 27, 14 @ 10:44 am:

    The key here is to realize two things, not just one of them:

    1- Chicago is not Detroit and not even close
    2- But if Chicago doesn’t deal with the issues facing it “control its own fate” it can become Detroit like.

    one side likes to argue its the road to detroit no matter what. The other side argues that it isn’t even possible…

    The reality is that it IS possible, though not a forgone conclusion, Chicago can correct itself. But if it doesnt. if it keeps kicking the can down the road it may lose the ability to “control its own fate”. And right now there sure doesnt seem to be a lot of changes happening in chicago to increase growth and population and revenue.


  15. - Louis G. Atsaves - Thursday, Feb 27, 14 @ 11:02 am:

    If Chicago can largely control its own financial fate and has adequate management in place, then how did it get itself into the financial mess it is currently in? The circular logic here escapes me.

    Is Chicago the next Detroit? No. But let’s not do cartwheels over the S & P analysis.


  16. - wordslinger - Thursday, Feb 27, 14 @ 11:05 am:

    –If Chicago can largely control its own financial fate and has adequate management in place, then how did it get itself into the financial mess it is currently in?–

    Lack of political will and courage.


  17. - VanillaMan - Thursday, Feb 27, 14 @ 11:07 am:

    Anyone thinking that S&P’s report somehow puts an end to concerns over Chicago’s future as it continues its decline over the past decade is delusional.

    There have been major changes within Chicago over the past decade which do not point it into a direction found in World Cities, but instead are more representative of Regional Cities.

    1.) Major Chicago banking no longer owned by Chicagoans.
    2.) Major Chicago real estate no longer owned by Chicagoans.
    3.) Major tax-producing organizations which dominated the top ten payrolls in Chicago have been replaced by major tax-consuming organizations. For profit has been replaced by not for profit as Chicago’s biggest employers.
    4.) Over a million citizens have moved out of Chicago. In the US, only Detroit has experienced losing a million citizens. Around the world, only London has experienced losing a million.

    S&P does not have a good record of producing reports that can be considered definitive on these issues.

    I use the Federal Reserve Bank’s overview of Chicago’s situation over what S&P says.


  18. - VanillaMan - Thursday, Feb 27, 14 @ 11:14 am:

    Chicago’s problems cannot be solved by politics or government. If it could - it would have.

    The problems are the result of Globalization, a lack of start-ups to replace dying industries, and a lack of interest by Chicagoans and the City’s supporters to realize they cannot live off its rich 20th Century heritage.


  19. - ejhickey - Thursday, Feb 27, 14 @ 11:15 am:

    “The report notes that Chicago has a much higher median ”

    In 1960, Detroit had the highest per-capita income in the U.S., higher than Chicago. in 1960 the idea that Detroit could declare bankruptcy was unthinkable.


  20. - Bill White - Thursday, Feb 27, 14 @ 11:19 am:

    21st century manufacturing initiatives are part of the solution for Chicago. And as I recall there was a recent announcement about that:

    http://www.whitehouse.gov/blog/2014/02/25/manufacturing-innovation-institutes-putting-america-forefront-21st-century-manufactu


  21. - In the Middle - Thursday, Feb 27, 14 @ 11:40 am:

    Pensioner @10:48

    Not credible? They used a traditional model to arrive at the AAA status on those subprime securities. It proved wrong. This doesn’t mean S&P should forever be dismissed as worthless.


  22. - wordslinger - Thursday, Feb 27, 14 @ 11:56 am:

    –They used a traditional model to arrive at the AAA status on those subprime securities. It proved wrong.–

    C’mon, read the subpoenaed emails from S&P raters and the pressure their superiors were putting on them to give high ratings to land business. A sample:

    –* In one email, an S&P analytical staffer emailed another that a mortgage or structured-finance deal was “ridiculous” and that “we should not be rating it.” The other S&P staffer replied that “we rate every deal,” adding that “it could be structured by cows and we would rate it.”–

    http://online.wsj.com/news/articles/SB124890898142691729?mod=sphere_ts&mod=sphere_wd&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB124890898142691729.html%3Fmod%3Dsphere_ts%26mod%3Dsphere_wd


  23. - Pensioner - Thursday, Feb 27, 14 @ 12:16 pm:

    In the Middle at 1140am… “They used a traditional model to arrive at the AAA status on those subprime securities.” What have you been smoking? They used the model that generated the most income, greed. A moron could see those securities were worthless.


  24. - lake county democrat - Thursday, Feb 27, 14 @ 1:22 pm:

    Like I said yesterday, it’s all about the middle class. Detroit’s middle class is entirely in the suburbs (as are many of the businesses, though some are starting to move back downtown). The report is explicit: “Chicago has a much higher median per-capita income, higher housing values, a lower unemployment rate and a much slower rate of population decrease over the past six decades…” The only thing that can turn Chicago into Detroit is middle class flight, and the surest way to start that is to redistribute school and police resources (that’s not to say you shouldn’t *increase* those resources in the areas they are needed, but that presumes a political courage which is nowhere in sight).


  25. - Plutocrat03 - Thursday, Feb 27, 14 @ 1:31 pm:

    The observation that Chicago is in charge of it’s own fate, does not address if the city leadership has the will or skill to make the fiscally responsible decisions needed to start improving it’s future prospects.

    Aren’t some of the commentator’s applauding the S&P remarks the same who blasted negative forecast by Moody’s by trashing the bond rating industry? You can’t cherry pick only the opinions you like.


  26. - wordslinger - Thursday, Feb 27, 14 @ 1:35 pm:

    –Aren’t some of the commentator’s applauding the S&P remarks the same who blasted negative forecast by Moody’s by trashing the bond rating industry–

    I don’t think S&P got $750K to write this analysis like it did to rate subprime mbs issues. Still, I’ve been making the same points on the Chicago/Detroit comparisons for some time. It ain’t news to me.


  27. - Anon - Thursday, Feb 27, 14 @ 2:06 pm:

    Chicago is clearly not Detroit.

    But does Chicago have the potential to become Detroit? That’s what I am more interested in.

    Detroit was not always Detroit, you know.


  28. - Anonymous - Thursday, Feb 27, 14 @ 2:08 pm:

    Chicago got into this mess largely due to the law of unintended consequences. The original Mayor Daley got the 2.5 multiple for property tax assessment classification written into the 1970 constitution in order (all other counties must assess on a non-discriminatory basis) to keep taxes down for cook county residents, i.e., voters. Now, 44 years later, the City of Chicago has the lowest tax rate of any municipality in Cook County. So why can’t Chicago fix its pension problem? The answer is, that it can - except for the calamitous political consequences of the increased property tax burden on voters, and the potentially more calamitous consequences of the attendant tax increase on business and industry. Hence, Cook County has started to moderate the assessment differential, but it’ll be a loooong time before anyone will have the courage to tap Chicago’s property tax base to fix that problem. I wonder how many of our “graduated” income tax advocates are equally interested in removing the property tax subsidy for residential property owners in Cook County and bearing the full cost of Chicago’s true pension costs?

    But back to the thrust of the OP - there is no comparison whatsoever between Chicago and Detroit.
    Just cheap debating points.


  29. - Rich Miller - Thursday, Feb 27, 14 @ 2:56 pm:

    ===Detroit was not always Detroit, you know. ===

    It has been a shell of its former self for at least 30 and maybe 40 years. C’mon.


  30. - Buzzie - Thursday, Feb 27, 14 @ 3:37 pm:

    John Tillman, John Tillman where are your comments?


  31. - Yellow Dog Democrat - Thursday, Feb 27, 14 @ 5:44 pm:

    Other S&P news you might have missed:

    Seattle not as liberal as Portland.

    Austin not as weird as New Orleans.


  32. - In the Middle - Thursday, Feb 27, 14 @ 5:44 pm:

    Pensioner @12:16 has nothing but ad hominem attacks. Love it. Read up, my friend.


  33. - Pensioner - Thursday, Feb 27, 14 @ 8:48 pm:

    @In the Middle - Thursday, Feb 27, 14 @ 5:44 pm:

    Didnt say a thing about Middle. Based on your analysis I suggest YOU do the reading. Good day.


  34. - Pensioner - Thursday, Feb 27, 14 @ 8:55 pm:

    …unless of you course it was you doing the rating. One has to admit a systemic flaw when the rater is paid by the ratee. If the resulting rate is not sufficient, the ratee moves to a different agency. Subsequent analysis has shown the CDOs insufficiently capitalized to be worth a AAA rating. Based on your comment your skin is a bit thin, unless,as I said, you did the rating.


Sorry, comments for this post are now closed.


* Reader comments closed for the holiday weekend
* Fracking rules finally unveiled
* Question of the day
* A big IDOT roundup
* Even Steven, for now
* *** UPDATED x1 - Confirmed *** Report: Libertarians file charges
* Big guys dinged a bit, but little guys helped a lot
* Today's photo
* Stark contrasts on taxes, minimum wage
* 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

          
        * HTC Nexus tablet leaked to come with keyboard folio cover
        * Sony Xperia Z3 Compact press photos show bright colors
        * iWatch price, iPhone 6 phablet leaks, Google event & more – Pocketnow Daily
        * Windows Phone 8.1 GDR2 tipped to bring some much needed updates
        * Openmix turns you into a smartphone DJ
        * Our top 10 new Windows Phone games of August
        * Apple Reveals Common Reasons for App Rejections on New Developer Page

        * Drone Checks Out Upcoming Apple Campus
        * Moto X+1 and Moto G2 Prices Leaked in Brazil
        * Alcatel OneTouch Flash To Go Up Against Galaxy Note
        * Cortana Does Worldwide Time And Currency Conversions
        * iPhone 3GS With Swollen Battery Spotted
        * Samsung Galaxy S Duos 3 Offers Value For Money
        * Apple Patches iCloud Bug That May Have Leaked Celeb Photos

        * White Sox Minor League Update: End of the regular season
        * Noesi looks to continue push toward season's end
        * Williams conveys important message to Little Leaguers
        * Podcast: Dunn Deal
        * Thoughts on the Adrian Nieto experiment
        * Breaks turn in Quintana's favor against Tigers
        * Molina outrighted; roster spot opens up for Rodon


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

        Archives
        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


        * Politicians gear up for election season..
        * School to begin in Chicago with more safety guards..
        * School to begin in Chicago with more guards lin.....
        * ‘Long way to go’ but Roseland Hospital shows si.....
        * Talk of Term Limits Continues..
        * St. Louis Regional To Benefit from State Invest.....
        * Governor Quinn signs law to support Illinois' L.....
        * Rauner must be called out on lie..


        * School to begin in Chicago with more safety guards
        * Cubs honor Jackie Robinson West little leaguers
        * Man found dead in central Illinois was hit by car
        * US eating habits improve a bit _ except among poor
        * Study: Action-packed TV might make you snack more
        * Patients to start applying for medical marijuana
        * US Rep. Duckworth announces she's pregnant
        * Bloomington shuttle bus driver charged with DUI
        * Chicago police: Murders down, shootings up
        * Little League team honored with parade in Vegas

        * Audit finds state lax in reviewing eligibility for children’s health insurance program
        * Does the governor need to live in the Executive Mansion?
        * Statehouse Insider: Hands off investments
        * State of unions: AFSCME wins some, loses some on outsourcing
        * State of unions: Domination of Illinois' workforce becomes campaign issue
        * State of unions: Lawmakers approved keeping some workers out of unions
        * State of Illinois posts applications for medical marijuana businesses
        * DNR issues long-awaited ‘fracking’ rules
        * Quinn grants 38 clemency requests
        * IDNR issues long-awaited ‘fracking’ rules

        * If only it were this easy to lift share prices
        * 'Chicagoland' star returns to school
        * Amid re-election fight, Quinn pushes through a tax on business
        * Chicago's worst IPO in 2014: Ryerson
        * Why ComEd is worried about your smartphone


        * Ex-cop convicted of protecting crooks is back on public payroll
        * Three dead, 35 wounded in Labor Day weekend shootings
        * Three dead, at least 35 hurt in Labor Day weekend shootings
        * It's a girl: Rep. Tammy Duckworth due in December
        * Police: Man throws baby from vehicle, beats girlfriend and boy in domestic fight
        * Police: Murders down 7.5% through August 2014
        * Man dies after fire crews pull him from lake near Foster Beach
        * Homeless man beaten to death in Logan Square
        * Man in custody after shooting at forest preserve in Oak Forest
        * Firefighters extinguish blaze at Evanston towing company


        * Police charge man, 55, in Northwest Side stabbing
        * Man charged in shooting after soccer match in Oak Forest
        * 2 shot in separate incidents on Northwest, Southeast Sides
        * Cops: Man on moped leads cops on North Side chase
        * Survivors of Elmhurst family laud parents 'unwavering' commitment
        * Survivors of Elmhurst family laud parents 'unwavering' commitment
        * 1 dead, 13 hurt in shootings across city
        * I-90/94 reopened after semi rollover leads to inbound closure
        * Body of Chicago Heights boy, 14, pulled from Kankakee River
        * Rainstorms part of Labor Day forecast


        * Newborn Found Alive In Jacksonville Trash Bin
        * DNR Releases Fracking Rules
        * Listen to State Week - August 29, 2014
        * 'Belleville' The Movie Is NOT A Documentary
        * Journalist and doctor encourage honest conversations about death
        * Undocumented Immigrants Call For Presidential Orders
        * State Retirees To Stop Paying Health Premiums
        * How America's most plentiful bird disappeared
        * Pregnant Workers To Be Protected Under New Law
        * Updates From The Prairie Capital Convention Center


        * Catherine Rampell: Tech firms’ poor record of diversity
        * Audit finds state lax in reviewing eligibility for children’s health insurance program
        * Does the governor need to live in the Executive Mansion?
        * Our Opinion: Driving into floodwater a deadly practice
        * Angie Muhs: A debate in Springfield would send the right message from candidates
        * Charles Krauthammer: Lower corporate tax rates. Now.
        * Bernard Schoenburg: Dillman, Watson looking at possible runs for alderman
        * Statehouse Insider: Hands off investments
        * Statehouse Insider: Hands off investments
        * State of unions: AFSCME wins some, loses some on outsourcing


        * Union St. sewer line next on list
        * 090214-dec-loc-wonderopolis
        * 090214-dec-loc-potplant
        * Can't stop the beat
        * Union pride on parade
        * Bost says he's not ducking debates; scheduling conflict to blame
        * Levee districts are in need of funds for repairs
        * Olde Towne Moline reflects cultural history
        * Monday's prep highlights: Hanselman duo leads Monticello
        * Boys' golf teams have bright futures


        * Another big comeback keeps Sky going
        * U.S. carries out counterterrorism strike in Somalia
        * Lawrence calls for investigation into stolen pictures
        * South Carolina political campaign goes to the dogs
        * Big chance for Bears' defense to prove itself

        * Nadler introduces resolution condemning an...
        * Roskam gives business leaders vision for f...
        * Roskam: Making college more affordable for...
        * Army Veteran Shane Scherer Joins Roskam's ...
        * Roskam speaks on issues to chamber lunch c...
        * Roskam talks tax reform, health care, immi...
        * Roskam hires wounded veteran in West Chica...
        * Inactive Congress Discussed - Alton Daily ...
        * Roskam, Kirk speak to local business owner...
        * Roskam Talks Taxes - Alton Daily News

        * Politicians gear up for election season...
        * 47th Annual Labor day picnic...
        * 47th Annual Labor day picnic...
        * 47th Annual Labor day picnic...
        * 47th Annual Labor day picnic...

        * Rubio, Colleagues Call For Latin American ......
        * Putin Hopeful Russia Won’t Lose Right to H......

        * IDOT Announces Overnight Lane Closures Wednesday On I-90/94
        * Byrne joines Ryan, Ford as transport tributees -- will 'Looie" be next?
        * September has crept up on me again...
        * Division Street Bridge gets Old Bailey Runaround
        * Report: Minimum Wage Increase Would Help 1 In 5 Illinois Children
        * Southwest Side Chicagoans Question TIF Use In 23rd Ward (UPDATED)
        * Harris v. Quinn: Another Nail In The Coffin Or Shot In The Arm For Labor?
        * OP-ED: What FDR Actually Said And What Bruce Rauner Doesn't Get This Labor Day
        * Election 2014
        * Guest Post: Harris v. Quinn: Another Nail In The Coffin Or Shot In The Arm For Labor?


        * Governor Quinn Invests $102 Million in High-Speed Rail Upgrades on Chicago-St. Louis Line - Funding Will Improve Capacity, Safety on Joliet-Dwight Segment
        * Quinn Refuses to Answer New IDOT Questions
        * IDNR Delivers Revised Rules to Implement Hydraulic Fracturing Regulatory Act - Rules strengthened to ensure public participation, improve transparency, toughen penalties and protect the environment
        * Governor Quinn Proclaims September as “Recovery Month” in Illinois - Encourages people to speak up about mental illness and substance abuse
        * Governor Quinn Dedicates Jane Byrne Interchange - Governor Renames Circle Interchange in Honor of Chicago’s First and Only Female Mayor to Date




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