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Harmon files amendment to elect all Chicago school board members next year

Tuesday, Nov 7, 2023 - Posted by Isabel Miller

Senate President Don Harmon has filed amendment 2 to HB2233 dealing with the elected Chicago school board. Under this new proposal, half of the 20 members will be elected for two-year terms, and half elected to four-year terms. In two years, those with two-year terms will be elected to four-year terms. The amendment bypassed committee.

Rich talked to Speaker Chris Welch’s spokesperson who said that the Speaker and Senate President will meet to discuss this idea. There was no immediate indication that this would be a problem.

An agreement had been made with former Chicago Mayor Lori Lightfoot to appoint phase-in the elected board, but she’s no longer around.

Adding…Rep. Ann Williams, sponsor of HB4221, which is the House’s latest version of an elected school board bill…

Our priority is to ensure this every Chicagoan has the opportunity to vote for the elected school in year one. The House’s “Representation for All Plan” is an effort to ensure the most equitable and representative as. possible. We’re reviewing the Senate’s amendment and open to continuing the conversation.

* UPDATE: The Senate has adjourned without moving HB2233.

  6 Comments      


‘The votes are not there’

Tuesday, Nov 7, 2023 - Posted by Rich Miller

* Lots has been written and broadcast about Invest in Kids. The PR push has truly been magnificent. But it’s been super-rare to see a mainstream news media outlet actually convince legislators to honestly assess its future. Marni Pyke did just that

The Invest in Kids initiative will expire Jan. 1 unless lawmakers approve an extension. So far, “I don’t know if there’s a path yet to get it passed,” Democratic state Rep. Marty Moylan of Des Plaines said.

Democratic state Rep. Fred Crespo of Hoffman Estates agrees. “Based on my observations … the votes are not there,” he said Friday. […]

“We’re talking about real money here,” Crespo said. “We’re talking about $75 million that the state does not realize by giving out these credits. There are issues and concerns with the separation of church and state. Some of our members feel that the state should not be funding any private or Christian schools.”

* Associated Press

Critics of an Illinois program providing private school scholarships say there’s no proof it improves academic achievement. But state education officials, delayed by COVID-19’s school disruptions, have never reported the academic performance of participating students as required by the Invest in Kids Act, a hot issue as lawmakers reconvene Tuesday. […]

The coronavirus pandemic essentially shut down annual statewide student assessments in 2020 and 2021, the first two years of Invest in Kids. The first report measuring progress among program participants won’t come out until early next year, education officials said.

“Unfortunately for the thousands of Invest in Kids families, it appears that Gov. (J.B.) Pritzker’s administration either failed to complete, or failed to share these assessments four years in a row, which has emboldened opponents to point to the lack of data the administration refused to collect,” Senate Minority Leader John Curran, a Republican from Downers Grove, said in a statement to The Associated Press. […]

Research group WestEd, whose contract for the analysis is $640,275, couldn’t start until it had 2022 results; its inaugural report will indicate whether students improved on 2023 tests.

* Sun-Times

U.S. Reps. Jan Schakowsky, Nikki Budzinski, Sean Casten, Danny Davis, Jonathan Jackson, Raja Krishnamoorthi and Delia Ramirez wrote “school vouchers … perpetuate and deepen the education inequities that plague Illinois.”

They also took issue with religious groups using public dollars.

“This program diverts public funds from the public school system to be used to pay for tuition at private and religious schools,” the lawmakers said in the statement. “Furthermore, many of the schools funded by the program have policies that openly discriminate against students on the basis of disability status, gender identity, sexual orientation, if they are pregnant or parenting, or immigration status.”

Senate Republicans dispute that narrative as they continue to try to save the program. Senate Republican Leader John Curran, R-Downers Grove, planned a Tuesday morning news conference in Springfield to urge Democrats and Pritzker to reconsider.

Curran has argued the program has not taken money away from public education, and he supports a compromise that would lower the total donations eligible for tax credits from $75 million to $50 million. He has also railed against the ideological fights over the program, arguing the children benefiting from it should be guaranteed the certainty of a permanent program.

* SJ-R

An administrator at a Catholic elementary school on Springfield’s east side is concerned for a future without it.

Michael Carlson, principal at St. Patrick Catholic School, said it charges $1,750 in tuition yet it costs more than $8,000 educate a student. Only one of the school’s 62 pre-K through fifth-grade students is not on an income-based Empower Scholarship, covering the full tuition costs.

“Invest in Kids is incentivizing donors to invest in our community,” he said on Wednesday. The scholarships are eligible for students living in households earning less than 185% of the federal poverty level.

At Sacred Heart-Griffin High School, 21 of 525 students are either on complete or partial scholarships but another 40 are on the waitlist, according to Bill Moredock, the school’s president.

…Adding… Sen. GOP Leader Curran held a press conference today. Highlights from his press staff…

Presser
5:20 - “It is abhorrent that there are leaders in the legislature that are ignoring the pleas of these children and these families that are trying to save their educational opportunity – their preferred setting that they are excelling in educationally. We have to listen to these children and the parents who have been here and afford this choice to these low-income families. The same choice that I’m afforded and many of my colleagues are afforded.”

6:45 – “Governor Pritzker unfortunately today is sending a very loud and clear message that these low income children are not a priority. Where is the Governor on this topic? Where is he today? He’s in Florida… in another state talking about federal issues.”

7:15 – “We have issues here in this capitol that need to be resolved.”

7:22 – “In two days we’re going to be done. And we either leave here with our heads held high because we acted and saved opportunity for these low-income students or we return to our districts in really a cloud of failure because we will be failing thousands and thousands of low-income families throughout this state.”

7:58 – “Labor leaders have come out in support of this program and the opportunity it affords in the vocational setting. We need to continue to grow and pursue these opportunities for these low-income families. It is really about lifting kids out of their current situation.”

8:22 – “When the governor came out this week and eventually said leave something on my desk, pass whatever, when I get back from Florida, I’ll take a look at it. That is not leadership. What we are calling on is for leadership on this issue, both from the legislative leaders as well as the governor. It is time for the governor to lead on this issue and come back to Illinois.. and help continue this program for these low-income kids.”

8:54 - “It is time to do what’s right. We are here to call on our colleagues on the Democratic side of the aisle – put this bill on the board, it’s time for this to be called for a vote. We want this voted on this week.”

Q and A
9:23 – “We are here to act to extend this program. Where’s the governor? He needs to be leading on this. It is members of his party and his side of the aisle that are not putting this bill up for a vote. The governor needs to interject himself in this.”

10:05 – “We are standing here united fighting to continue this program. These kids deserve not only the full effort of Senate Republican Caucus, they deserve the full effort of each and every legislator in the capitol. There are children on these scholarships in each legislators’ district. It is time to represent the people of you’re district not the ideology of your party. It is time to put this on the board for a vote.”

12:15 – “It is department by department by department under the governor’s control including ISBE that has not done the assessment. If it was me, I’d be here, I’d be laser focused on Illinois. I wouldn’t be ‘thinking big’ about America. I wouldn’t be in Florida. I’d be in Illinois and I’d be getting the job done and until the job stay focused on Illinois.”

…Adding… From Mac Strategies…

Good morning,

We wanted you to be aware that there will be action in front of Speaker Welch’s office at 12:30 p.m. and in front of the Governor’s office at 1:00 p.m. Approximately 250 students and families in blue shirts and with signs demanding an extension of the Invest in Kids Act Tax Credit Scholarship Program.

…Adding… As promised…


  78 Comments      


Illinois credit rating upgraded for the ninth time in two years

Tuesday, Nov 7, 2023 - Posted by Isabel Miller

* Fitch Ratings

Fitch Ratings has assigned an ‘A-’ rating to the following State of Illinois’ GO bonds:

    –$175 million taxable series of December 2023A;

    –$350 million tax-exempt series of December 2023B;

    –$350 million tax-exempt series of December 2023C.

Additionally, Fitch has upgraded the following state of Illinois ratings:

    –Issuer Default Rating (IDR) to ‘A-’ from ‘BBB+’;

    –GO bonds to ‘A-’ from ‘BBB+’;

    –Build Illinois senior and junior obligation sales tax revenue bonds, which are linked to the state’s IDR based on state-dedicated tax analysis, to ‘A+’ from ‘A’.

The Rating Outlook is Stable.

* Press release…

Governor Pritzker today celebrated the state’s ninth credit rating upgrade in just over two years as Fitch Ratings elevated Illinois’ rating for general obligation bonds. This fiscal progress comes as the result of five balanced budgets and years of responsible financial management and discipline under Governor Pritzker and Democrats in the General Assembly.

“We are continuing to right the past fiscal wrongs in our state with disciplined fiscal leadership, and credit rating agencies and businesses alike are taking notice of Illinois’ remarkable progress,” said Governor JB Pritzker. “Another credit rating upgrade means millions saved for Illinois taxpayers in interest—money back in the pockets of our state where it can better serve our residents.”

The rating of a state’s bonds is a measure of their credit quality. A higher bond rating generally means the state can borrow at a lower interest rate, saving taxpayers millions of dollars. Between 2015 and 2017, the State of Illinois suffered eight credit rating downgrades and sat at the top of many analysts’ lists of the worst managed states in the nation under the previous administration. At its worst, Illinois’ bill backlog hit nearly $17 billion.

“In addition to building up reserves, the state has also actively reduced various long-term and budgetary liabilities, most prominently its unpaid bills, and laid a more sustainable fiscal foundation,” said Fitch’s report on the upgrade. “Illinois reduced its accounts payable balance by approximately $1 billion over the course of fiscal 2023 to less than $500 million, a level the state has not seen in more than two decades and continuing a pattern of using unappropriated surpluses to pay down bills.”

Across major credit rating agencies S&P Global Ratings, Fitch Ratings, and Moody’s Investors Service, the state has received nine upgrades since June of 2021. Illinois is now back in the “A” category for all three agencies. Prior to those upgrades, the state had not received an upgrade since June of 2000, over two decades. Agencies have cited the state’s actions in paying down bill backlogs, repaying debts, increased fiscal transparency, building financial reserves, and balancing the state budget as factors in the upgraded ratings.

* Back to Fitch

The upgrade of Illinois’ IDR to ‘A-’ from ‘BBB+’ reflects the state’s ability to execute on significant planned reserve contributions and maintain improvements in budget management including normalized accounts payable, thereby improving the state’s overall operating profile.

Illinois’ ‘A-’ IDR reflects solid operating performance that remains below most other states, with a long record of structural imbalance primarily related to pension underfunding offset by continued progress towards more sustainable budgeting practices. The ‘A-’ IDR also reflects the state’s elevated long-term liability position and resulting spending pressure. Illinois’ deep and diverse economy is only slowly growing, but still provides a strong fundamental context for its credit profile. […]

Long-Term Liability Burden: ‘a’

Long-term liabilities are an elevated but still moderate burden on Illinois’ significant resource base. Constitutional limitations suggest Illinois has very limited flexibility to modify existing pension obligations. Other post-employment benefit (OPEB) obligations also have constitutional protections, but the state’s recent progress in materially reducing OPEB liabilities highlights both the state’s ability to manage within those protections and the inherent variability in OPEB calculations.

Operating Performance: ‘a’

Reserves have improved to historically high levels for the state and provide an important fiscal cushion, but levels remain relatively modest versus other states. Management has eliminated many outstanding budgetary liabilities and established a sustainable pattern of smoother fiscal decision-making. Sizable gaps in pension contributions relative to actuarially determined levels persist, with recent supplemental contributions helpful, but insufficient to address this structural budget gap.

…Adding… House Speaker Chris Welch…

“In May I proudly told members of the House that we’d crafted a budget that would improve our fiscal house and our credit. Today, it’s clear that Democrats are continuing to deliver on that promise as we have reached ‘A’ status with every rating agency.

“We heard a lot of partisan, misleading spin about our budget from Republicans, but financial experts and watchdogs agree that our budgetary decisions continue to move Illinois down a path of progress and prosperity. While we hope our Republican colleagues join us in this effort, Democrats will continue to budget responsibly and make smart investments for a stronger future for all.”

* Comptroller Mendoza…

In giving Illinois our 9th credit upgrade in the past two years, Fitch Ratings noted our progress in reducing our backlog of bills to what is now a “normalized” accounts payable that stands at $1.86 billion today – down from a high of $16.7 billion during the budget impasse. Fitch credited the state for boosting its Rainy Day fund to nearly $2 billion. That fund was down to $48,000 during the impasse.

Fitch encourages Illinois to bring that fund up to a level most other states have and to make greater progress paying down our pension liabilities. That is exactly what my Rainy Day and Pension Stabilization Bill, HB2515, proposes to do and I look forward to seeing it reintroduced in the next legislative session.

This upgrade is a tribute to the responsible debt management my office has undertaken in recent years working with the General Assembly and Governor. These upgrades lower the state’s costs for projects like building roads and bridges, saving taxpayers money.

All the hard work my staff and I have done to stabilize the state’s finances has been to get Illinois ready for its growth spurt. Illinois is open for business and we’re looking forward to future credit upgrades on the horizon.

  19 Comments      


« NEWER POSTS PREVIOUS POSTS »
* SUBSCRIBERS ONLY - Supplement to today’s edition and some debate stuff
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Live coverage
* Selected press releases (Live updates)
* Isabel’s afternoon roundup
* Meanwhile, in Opposite Land
* Showcasing The Retailers Who Make Illinois Work
* It’s just a bill
* Now we know why the White Sox built that sandlot
* Energy Storage Now!
* Illinois State Police investigation underway, protest planned after newly retired Springfield police officer allegedly severely injured two motorcycle riders (Updated x2)
* Is a third term in Gov. Pritzker's future? Or maybe a Cabinet position?
* Open thread
* Yesterday's stories

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