Capitol Fax.com - Your Illinois News Radar » Senate Dems talk borrowing and pension notes
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Senate Dems talk borrowing and pension notes

Friday, Apr 30, 2010

[Posted by Barton Lorimor]

* Most Senate Democrats were mum on the talking points of this afternoon’s caucus meeting. However, Sen. Louis Viverito said an unspecified amount or type of borrowing is being discussed. Take a look…


* Speaking with Christopher Wills of the Associated Press, Sen. Donne Trotter talked about issuing pension obligation notes. The challenge there, he said, is getting other Democrats on board with the idea…


* Both chambers canceled their weekend sessions and plan to reconvene at noon on Monday.

Round-up of afternoon stories:

* Quinn tones down rhetoric on income tax hike proposal

* Zorn: Illinois as a low-tax state

* House OKs revamping DuPage Water Commission

* Bill Banning Synthetic Cannabis Heads To Governor’s Desk

* City gets more time to privatize Midway

* Metra chief on leave as compensation is probed

* Metra board hires attorney to investigate its director

* Cook County Board acts to curtail Stroger spending

* Ford Heights village board member hit with drug charges

- Posted by Barton Lorimor        

6 Comments
  1. - 47th Ward - Friday, Apr 30, 10 @ 3:45 pm:

    OK, here we are on April 30, staring down a date with adjournment on May 7th and this is what we know:

    -We have a $13 billion hole in the budget
    -There are not enough votes for a tax increase
    -There are not enough votes for massive cuts
    -There are not enough votes for more borrowing

    Does anybody think this situation will change in a week? Me neither.


  2. - OneMan - Friday, Apr 30, 10 @ 4:16 pm:

    Does anybody think this situation will change in a week? Me neither.

    The budget hole might get bigger?


  3. - Fed up - Friday, Apr 30, 10 @ 4:37 pm:

    I am against a tax hike, but find it a better alternative to more borrowing. Borrowing just puts off judgement day and makes the problem worse.


  4. - Bubs - Friday, Apr 30, 10 @ 5:09 pm:

    Pension Obligation Bonds? Whoopee!!!

    What a racket - issue bonds and dodge the pension bullet until after November. Of course, the poor taxpayers will get get stuck with the same payment of money (in what, five years?) but this time with interest included! Yum, yum!!!

    Unless memory fails, the State issued Pension Obligation Bonds LAST year to dodge the bullet that the State could not make its pension obligation, given all the other spending.

    I guess the thinking is: if it all blew past the ever-gullible voters then, why not play the same tune again this year?

    They should be called “Pass The Buck” Bonds.


  5. - cassandra - Friday, Apr 30, 10 @ 5:12 pm:

    The alternatives are not simply borrowing vs. a tax hike. There are other possibilities including at least some minimal spending cuts (not really there yet under Quinn, according to many think tanks) and assuming that the economy will eventually recover and revenues will grow. They will.

    Another problem from the ground zero middle class here is the possibility of eventual significant federal tax increases to pay down the federal deficit and for Cook County dwellers, the likelihood of increased property taxes this fall for many.


  6. - the Patriot - Monday, May 3, 10 @ 8:32 am:

    We know Madigan in Quinn in combination lack the intelligence and fotitude to fix the budget crises they created. I just hope the main stream media calls them on it when they pass a 6 month budget to try to just blame Brady and the Repubicans when they have to shut the state down in January.


Sorry, comments for this post are now closed.


* Lawmakers eviscerate CPS for sexual abuse of students at hands of teachers, staff
* Black Caucus strikes back at Rauner for yesterday’s claims on WVON
* Governor appoints new Human Rights Commission exec
* *** UPDATED 1 *** Did he actually say anything?
* Sanguinetti says she’s not ruling out run for governor
* With $500 million in state support, UI-led research institute officially underway in Chicago
* *** LIVE COVERAGE ***
* *** UPDATED x5 Bourne, ILGOP responds, Clark was on Rauner payroll in '14, Manar, Clark respond *** 95th District Dem candidate touts embellished record as volunteer firefighter
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

...............
<


Loading


* Education organizations urging veto of salary bill..
* Our View: A welcome start at cleaning House..
* TALKING POINTS: Caution: Election ahead..
* New statewide tech innovation hubs get $500 mil.....
* Black lawmakers slam Rauner for bragging about .....
* Gov. Rauner signs executive order Wednesday..
* Records: Mansion used in Rauner's 'Porc.....
* RI event celebrates immigrant families..
* Rauner orders backlog of discrimination complai.....
* South suburban homeowners see their property ta.....


* Alabama man charged in government-computer scam
* Man given 55-year sentence in 2014 shooting of store clerk
* Suburban teacher pleads guilty to sexual assault of student
* Family of teen shot, covered with sheet retains lawyer
* Woman diagnosed with West Nile Virus, Illinois calls in CDC
* Officer testifies a second day in wrongful death lawsuit
* Lawmakers hold hearing into sexual abuse by CPS employees
* Rauner orders backlog of discrimination complaints ended
* Artist sues NRA for including 'The Bean' sculpture in video
* Peoria officials create videos to promote the city

* Illinois politicians seek answers to family separations at border
* 80+ years later, Meredosia woman sees the opening of another new bridge
* Chatham man wins Illinois Bicentennial coin design contest
* Rauner to consider allowing medical cannabis for opioid patients
* Bipartisan work yields gun bills, fate rests with Rauner
* Rauner names Justin Blandford curator of Governor's Mansion
* Rauner names Williamsville woman interim HFS director
* Both Rauner and Pritzker have donated to Mansion renovations
* Both candidates for governor have donated to Mansion renovations
* Illiopolis boy helps push bill to cover hearing aids for kids

* Lots of finger-pointing as Garry McCarthy hits Emanuel
* NBA's Dwyane Wade loves socks enough to launch a new company
* Walgreens is what you get when you can't put Amazon on the Dow
* American Airlines to feds: Do not put detained immigrant kids on our flights
* United, American Airlines to feds: Do not put detained immigrant kids on our flights


* Woman found dead after fall from balcony in South Loop: police
* Man shot during robbery in Chatham: police
* Man accidentally shoots self in Calumet Heights
* Dear Abby: Should I tell the love of my life I know her secret?
* Woman, 20, reported missing from Bronzeville
* Man shot in Marquette Park
* Illinois’ first human West Nile case in 2018 sickens Chicago woman
* Cook County’s black population continues to decline
* Horoscope for June 21, 2018
* Man, 63, missing since November from Near North Side: police


* Woman killed in fall from balcony in the South Loop
* 4 shot within 10 minutes on South Side; 4 others wounded in city shootings
* 3 in custody, charges pending in Back of the Yards shooting
* At least 4 injured after crash on Near North Side
* Trump signs order stopping family separation at border, but families won't be immediately reunited
* Police in East Pittsburgh fatally shoot 17-year-old boy fleeing traffic stop
* Millennials are largest age group in Cook County, census shows, but will they stay?
* Why Republicans have long wanted to shut Education Department
* Ichiro in the Home Run Derby? Only if Mark Buehrle pitches, he says
* Woman whose 7-year-old was taken at border is suing to get him back


» Chicago Mayor Pitches Affordable Housing Plan For Priciest Neighborhoods
» June 20, 2018 - Full Show
» Lawmakers Hear Firsthand Accounts Of Sexual Abuse By CPS Staff
» Gov. Rauner Open To Changes So Disabled Prisoners Get Released On Time
» Fixing Potholes With Art; Clearing Chicago Rail Congestion; The Future of Artificial Intelligence
» June 19, 2018 - Full Show
» Lawmakers To Hold Public Hearing Over CPS Sexual Abuse Cases
» Eddie Russell Jr.‘s Family Sues Peoria; Helping Veterans Graduate; Inmates And Mental Health Care
» Morning Shift Live From the Streeterville Farmer's Market
» Eddie Russell Jr.; Veterans in College; Inmates and Mental Health


* Our View: A welcome start at cleaning House
* Our View: White Oaks Mall smart to diversify offerings
* Guest View: Addressing the higher cost of compliance with our ADA consent decree
* MArc Thiessen: But her emails? You're dang right her emails.
* Byron York: What Republicans suspect about the FBI's Trump-Russia probe
* Catherine Rampell: We'll be cleaning up Trump's mess for generations
* Illinois politicians seek answers to family separations at border
* 80+ years later, Meredosia woman sees the opening of another new bridge
* Chatham man wins Illinois Bicentennial coin design contest
* E.J. Dionne: GOP moderates fold to Trumpism


* Births for Thursday, June 21, 2018
* HOUSE OF THE WEEK
* Larry Ray Yarbor
* Jack Dean Lipe
* Earl Dale Williams
* Dorothy Olive Stevenson Graham
* Weather service: Rain, rain and more rain in Decatur forecast
* Illinois Lottery drawing for WEDNESDAY, JUNE 20
* Storms produce heavy rains, flash flooding
* Should Madison County become a ‘sanctuary county’ for gun owners? Voters will weigh in.


* China says US swinging 'big stick' of unfair trade tactics
* Trump's immigration order sparks confusion, deep concern
* Merkel visits refugee host Jordan amid migration row at home
* Asian stocks mixed amid underlying US-China tension
* New Zealand Prime Minister Jacinda Ardern gives birth to a girl at Auckland City Hospital

* JP puts down gavel, picks up fishing pole
* Representative wants answers on ICE arrests
* US Rep. Bill Foster wants answers o...
* Foster wants answers on ICE arrests in Chi...
* Kinzinger hopes House passes bill to '...
* Henderson Co. Fiscal Court passes $28 mill...
* Monday qualifiers: Wichita Open Supporting...
* Roskam: Trump administration must stop tea...
* I-69 bridge Central Alternative tweaked to...
* Illinois Republicans in Congress break fro...

* Illinois lawmakers react to immigration cr......
* Chicago activists decry Trump move that wi......
* The Original DREAMer Recalls 'All Perv......
* Trump orders end to separating migrant chi......
* Lake County's congressional leaders we......

* Reaction to Trump ending family separation......
* Senator Tammy Duckworth calls on Ki......
* Lake County's congressional leaders we......
* Senators Scold Wilbur Ross Over Ethics Iss......
* Nielsen's career forever linked to fam......

* Five masters of stop-motion animation
* Trump's compromise? Do it my way!
* Dramatic video shows Chicago playground engulfed in flames
* Student loans
* ​Affordable Learning Exchange works to increase access by reducing costly course material: Goal is to save students $10 million by 2020
* Take that leukemia: Andrew Jones cleared to take online classes, move into dorm
* Here’s How Higher Education Dies
* 10 Reasons to Become a Google Certified Trainer
* 5 WaysDigital Connectivity is Revolutionising Education
* 4 Powerful Ways to Use Games in eLearning


* Illinois Department of Human Rights Honors the "Dream"
* All systems ?Go' for Discovery Partners Institute
* New Illinois 104 Bridge Opens in Meredosia
* IL Department on Aging Recognizes World Elder Abuse Awareness Month
* 2017 Wabash County Tentative Multiplier Announced

  
* Sony: Striped displays aren’t a defect, here’s why they happen
* Xiaomi teases Redmi 6 Pro in official press renders
* Deal: Samsung offers up to $310 off the Verizon Galaxy S9, S9 Plus, and Note 8
* Here’s how to set up a VPN on your Chromebook
* Microsoft says no to VR gaming on Xbox
* BlackBerry Key2 Canadian pre-orders begin today, launch set for July 6
* Huawei sells six million P20 units, NEXT-IMAGE photo contest launched with outstanding prizes

* White Sox Minor League Update: June 20, 2018
* Most Essential White Sox Vote: Round 32
* White Sox: On-track rebuild is a beautiful sign of things to...
* Scouting report: Oakland A's at White Sox
* Lopez falters, Ricky tossed as Sox skid hits 7
* After ejection, White Sox's Rick Renteria offers some su...
* Indians' Corey Kluber dominates White Sox


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

Archives
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
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




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