Capitol Fax.com - Your Illinois News Radar » A severe case of whiplash
SUBSCRIBE to Capitol Fax      Advertise Here      About     Exclusive Subscriber Content     Updated Posts    Contact Rich Miller
CapitolFax.com
To subscribe to Capitol Fax, click here.
A severe case of whiplash

Wednesday, Jun 16, 2010 - Posted by Rich Miller

* Over a week ago, Gov. Pat Quinn said he believed he had “three or four” Republican votes to pass the pension borrowing plan in the Senate. As you know already, the House passed the bill last month with two GOP votes, but it stalled in the Senate when two Dems expressed opposition.

A couple of days later, Quinn said that Senate President Cullerton had enough Democratic votes to pass the borrowing bill on his own. Cullerton has 37 Democrats and the bill requires a super-majority of 36. Cullerton’s office said Quinn was dreaming.

Yesterday, Quinn again said he believed the Senate had enough votes to pass the borrowing bill and said the chamber would return at the end of this month

“They want to do it on the last day of the month, so be it.”

Trouble is, the Senate has no plans to return at the end of this month because the votes are still not there

But a spokeswoman for the Senate President says there’s no plan to make lawmakers return to the capitol.

I’m getting whiplash from all this back and forth.

* And this sort of inflammatory, Blagojevich-like language won’t help his cause with the Senate President

“They have to get their vacations and all this and that in order. But I expect them by the end of the month to come together. I mean this is what government is about. If you get sworn into office to protect the common good and carry out the public interest, then you have to be there when it counts.”

Like Blagojevich before him, Quinn is trying to deflect his problems onto the General Assembly. And like Blagojevich, Quinn may not fully realize that the governor always wears the jacket

The executive director of the Elgin-based Community Crisis Center would rather help victims of domestic abuse than side with a party or endorse a specific agenda.

But Tuesday, crisis center supporters unfurled a large banner saying that the state owes the center $327,928 and people should call Gov. Pat Quinn’s office at (800) 642-3112 to protest.

It was a last resort move by Vapnar who, like many social service agency heads, has been pushed to the brink by the state budget mess.

“It’s like dominoes,” she said. “If one of us goes down, all of us are affected.”

Fair or not, the buck stops at the governor’s desk. And that goes for school funding as well

Faced with a deficit projected to be at least $427 million, Board of Education members gave unanimous approval at an emergency meeting on Tuesday to resolutions that will allow CEO Ron Huberman to raise class sizes to 35 students and still pay teacher raises promised in the union contract. […]

Huberman stressed that he doesn’t know exactly how much he will have to cut because Gov. Pat Quinn has yet to sign the state budget. Also, the Legislature gave Quinn the power to make changes in the budget.

“This could be good for us or not so good,” Huberman said. Quinn could decide to keep education funding level, which would reduce CPS’ budget gap by $127 million, or make cuts.

Another big question mark is whether and when the state will pay out what it already owes CPS for this year. That amount now stands at more than $400 million, prompting Huberman to ask the board for the power to borrow $800 million. He explained it as a short-term loan that the district will pay back as soon as they get the money from the state.

* Related…

* Teachers to picket School Board vote

* CPS and Unions Face Off in Budget Showdown

Chicago Public Schools CEO Ron Huberman and the city’s teachers union are in a tug of war over how to close an estimated $427 million deficit.

* Chicago School Board opens door to 35 in a class

* Huberman gets authority to lay off teachers, boost class sizes

* Chicago teachers must give up 4% wage hike

* Illinois is broke. Who’s gonna fix it?

* Pension crisis scares off businesses: group

* Village still reaping tax revenue for residents who left: A new state law could determine how much shared tax revenue the new village of Campton Hills is entitled to collect from the state. The county says it’s collecting part of the county’s share.

* Illinois applies for high-speed rail funding

* State DNA database is more than 20,000 samples behind

       

10 Comments
  1. - Fed up - Wednesday, Jun 16, 10 @ 12:51 pm:

    Quinn is out of his depth. He Doesn’t have enough dem votes to pass more borrowing. It is time to take the credit card away from Quinn. The state is broke and he just wants to keep borrowing more and more.


  2. - the Patriot - Wednesday, Jun 16, 10 @ 1:06 pm:

    Pat can’t fight the legislature an inch at a time and try to make them look bad. He lacks the resources or the time for a long drawn out bit by bit battle. His only hope is to veto the whole budget and force them back to do their jobs.


  3. - Small Town Liberal - Wednesday, Jun 16, 10 @ 1:15 pm:

    - The state is broke and he just wants to keep borrowing more and more. -

    Haven’t we beat this issue to death? If they don’t borrow to fund the pension its going to cost billions more in the long run. How is this so hard for you to grasp?


  4. - wordslinger - Wednesday, Jun 16, 10 @ 1:29 pm:

    This isn’t the first time Quinn’s arithmetic has been off. Counting ain’t all that tough.


  5. - Judgment Day Is On The Way - Wednesday, Jun 16, 10 @ 2:12 pm:

    Rich, here’s one for you. This is from zerohedge.com which is sort of the “industry insider” for hedge funds - all sorts of stuff. But I’d pay real attention to this one.

    61% Underfunded Illinois Teachers Pension Fund Goes For Broke, Becomes Next AIG-In-Waiting By Selling Billions In CDS

    Note: CDS = Credit Default Swaps.

    Here’s the link:

    http://www.zerohedge.com/article/61-underfunded-illinois-teachers-pension-fund-goes-broke-becomes-next-aig-waiting-selling-bi

    If these guys are on the money about this, talk about a land mine primed to blow…


  6. - Vole - Wednesday, Jun 16, 10 @ 3:12 pm:

    Judgment Day: Yep, the next domino in the long emergency. The states have been going for broke with very risky investments in trying to catch up on those pension funds. Pensioners, like those of us who have been counting on social security, will need to fall back on their own savings if they were so inclined to save. If not, the taxpayers sure won’t be bailing them out.


  7. - Loop Lady - Wednesday, Jun 16, 10 @ 5:16 pm:

    They have to get their vacations in order? Excuse me, but the state is BROKE guys and gals! IL pols, always putting the people first….


  8. - steve schnorf - Wednesday, Jun 16, 10 @ 6:08 pm:

    I hesitate to wade into this thicket, but my brief review tells me that 7/1/08-6/30/09 the TRS total performance just about paralleled the broad markets.
    Perhaps the commenter above didn’t note that the fund’s fiscal year is thru 6/30, not thru all of ‘09. The markets obviously improved considerably in the latter half or ‘09, but not part of the period covered by the audit.


  9. - anon - Wednesday, Jun 16, 10 @ 6:35 pm:

    Unfortunately, the Director at the Elgin Crisis Center did not take the time to learn the difference between the capital budget and operating budget. Too bad she didn’t do her homework or direct her rage at the leadership in the General Assembly who cares more about protecting their memebers or playing partisan games than doing what is right.


  10. - anon - Wednesday, Jun 16, 10 @ 7:39 pm:

    Can someone explain to me why Cullerton is blocking the borrowing vote? I have many theories but am at a loss?


Sorry, comments for this post are now closed.


* Isabel’s afternoon roundup
* Pritzker responds to Trump calling him a ‘loser’
* President Biden to designate 1908 Springfield Race Riot site as a national monument
* Today's quotable
* DNC Chicago coverage roundup
* Open thread
* Isabel’s morning briefing
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Live coverage
* Selected press releases (Live updates)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

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

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


Loading


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

Archives
August 2024
July 2024
June 2024
May 2024
April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
December 2022
November 2022
October 2022
September 2022
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
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




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