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Posted by Barton Lorimor
The Lake County News-Sun launched into a bill Gov. Quinn took his AV powers to that would give plaintiffs in foreclosure cases the ability to chose private companies to handle legal proceedings instead of local governments.
Lake County Sheriff Mark Curran, noting that his office will receive almost $2 million in revenue from the foreclosure sales this year, alerted the Illinois Sheriffs Association to the bill, and that group is now lobbying against it.
Meanwhile, Lake County officials are preparing to work with the county’s legislative delegation in an attempt to kill the foreclosure changes in the Legislature’s fall veto session.
“We’re very concerned about it,” County Administrator Barry Burton said Monday.
Burton said that under the current system, foreclosure sales, which occur after a judge has decided a property is to be foreclosed, take place at the Sheriff’s Office.
Their editorial board launched into the bill as well…
There are certain things government does better than private enterprise. Turning raw recruits into military men and women, is one. Another is dealing with foreclosures. Gov. Pat Quinn has snatched the way Lake County and most of the state’s other 102 counties, handle foreclosures, and returned the process to the private sector. That will cost Lake County nearly $2 million in annual revenue. We don’t expect the governor’s red-ink budget to make up the difference.
Meanwhile, the Daily Herald brought-up the state’s struggling pension system in an editorial today. Though they reignited the torch on Quinn for changing his mind on furlough days, the piece takes a turn…
Without finding a way to reduce pension costs, Illinois has little hope of getting state finances under control.
If you think the $13 billion Illinois deficit is stunning, take a look at this billion-with-a-b number: $80 billion, the amount Illinois owes its pension funds for benefits promised to future retirees.
It’s time to bring state retirement benefits down to earth. Changes enacted in April for future employees are a good start, but won’t bring substantial savings until those employees retire decades from now. Among those changes: higher retirement ages, caps on salary amounts eligible for benefits, less generous cost-of-living increases.
Related…
* 130 state employers to get retiree subsidy
* Illinois high court won’t hear abortion case
* American Indian tribe wants to join Asian carp lawsuit
* Slow Work Begins for Fast Trains in Illinois
* Bias Suit Filed Against Illinois State Police
* Tourism bureaus face uncertain budgets
* Governor Quinn Celebrates $12 Million Federal Award for Rural Broadband Access
* Illinois expanding rural broadband access throughout the state
* Cellular One lands grant to expand service
* Quinn brings $750,000 gift to White County
* Illinois enacts elder exploitation monitoring law
* New Illinois law prohibits use of credit checks for many employment-related purposes
* Quinn Signs Legislation for Farmer-Driven ATVs
* Campaign signs year-round?
posted by Rich Miller
Wednesday, Sep 1, 10 @ 7:39 am
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If the legislature would take a look at eliminating the automatic 3 percent COLA given to pension receipients akin to what Colorado recently did, the underfunding would shrink substantially- if nothing is done to reduce the cost structure for existing retirees, the money will run out and then retirees can only blame themselves-
Comment by Sue Wednesday, Sep 1, 10 @ 7:57 am
[…] Municipalities concerned over foreclosure fees billThe Capitol Fax Blog (blog)Quinn took his AV powers to that would give plaintiffs in foreclosure cases the ability to chose private companies to handle legal proceedings instead of …and more » […]
Pingback by Municipalities concerned over foreclosure fees bill – The Capitol Fax Blog (blog) | Baton Rouge Foreclosures Wednesday, Sep 1, 10 @ 8:05 am
[…] Municipalities concerned over foreclosure fees billThe Capitol Fax Blog (blog)Quinn took his AV powers to that would give plaintiffs in foreclosure cases the ability to chose private companies to handle legal proceedings instead of …and more » […]
Pingback by Auction Foreclosure Property » Municipalities concerned over foreclosure fees bill - The Capitol Fax Blog (blog) Wednesday, Sep 1, 10 @ 8:14 am
Lede is misleading. Counties, not municipalities conduct foreclosure sales.
Comment by Easily Entertained Wednesday, Sep 1, 10 @ 9:29 am
The Daily Herald and either their ignorance of the facts surrounding the pension issue or their blatant disregard for the real issues is sad.
The issue is the debt, not the cost of benefits. The debt that was created by the state of Illinois avoiding the difficult revenue choices and ignoring the needed contributions. $10 billion for costs WRONG the cost of benefits being earned today in state funded public pension systems is less than $2 billion with the remaining amount going toward the interest on that pension credit card.
Hey Daily Herald just say no one should have a pension because the private sector has made such a shambles out of the current 401(k) system. Its ok, we know that is what you think.
Comment by Obama's Puppy Wednesday, Sep 1, 10 @ 10:25 am
[…] Municipalities concerned over foreclosure fees billThe Capitol Fax Blog (blog)Quinn took his AV powers to that would give plaintiffs in foreclosure cases the ability to chose private companies to handle legal proceedings instead of …and more » […]
Pingback by Foreclosure Search Shop » Blog Archive » Municipalities concerned over foreclosure fees bill - The Capitol Fax Blog (blog) Wednesday, Sep 1, 10 @ 10:44 am
The state of Illinois pays for health insurance for its early retirees: the premiums are free to the retiree and spouses also have access to comparatively cheap health care coverage. The insurance changes to supplemental when the retiree is eligible for Medicare. These days, the whole package is a great deal.
I am wondering if the state applied for the federal funding as the city of Chicago apparently did, in addition to numerous corporations, and if not, why not.
Comment by cassandra Wednesday, Sep 1, 10 @ 11:46 am
nice post
Comment by clynie Wednesday, Sep 8, 10 @ 1:33 am