Saturday, February 16, 2013
The utility wants lawmakers to amend a 2011 rate-hike law to allow the utility to retroactively collect money for electricity already used.
The Illinois Senate Executive Committee unanimously approved a request by ComEd and Ameren to "clarify" a 2011 law that allowed the utilities to raise electricity rates, Illinois Public Radio reports. The clarification would allow the power companies to retroactively charge higher rates for the electricity you've already used, potentially raising up to $70 million for ComEd, according to Sun-Times Media. The 2011 law changed the formula used to determine charges. But the utilities say it didn't work as intended. They say regulators aren't letting them charge what they need. Now the companies are back, asking the legislature to pass another law, clarifying the old one. (Says) ComEd CEO Anne Pramaggiore: "Without it we are stalled in these…
Sunday, February 10, 2013
On Feb. 19 and Feb. 22, the state will stage public hearings to discuss a new concealed carry handgun law for Illinois.
Gun control hearings will convene before an Illinois House committee later this month, says Speaker Mike Madigan, and there will be much talk about a new concealed carry law. One hearing will take place in Chicago on Feb. 22, at the Michael A. Bilandic Building in Chicago. The other will be in Springfield on Feb. 19 at the Capitol. “In light of events in recent months in Illinois and in other parts of the country, it’s appropriate and necessary that we give a full vetting to proposed state legislation on this matter," reads a statement from Madigan. "These hearings will provide an opportunity for gun-safety advocates, gun-rights supporters and members of the law enforcement community to offer their views and argue their cases to …
Sunday, January 27, 2013
Despite 2011's 67 percent state income tax hike — which took a week's pay away from you — the state's financial problems have worsened.
Illinois now has the lowest credit rating of all 50 states. Standard & Poor’s rating services downgraded Illinois’ credit rating last week to A-, with a negative outlook. State Treasurer Dan Rutherford, who blamed the negative rating on inaction on the public pension system by Gov. Pat Quinn and the General Assembly, said Illinois is headed for "fiscal disaster." He said the lower rating will force the state to fork over more money on interest payments. This will affect state universities, road construction and other public institutions because more will go to interest than principal as these projects are paid for. “If you went out to borrow $500 because you have such bad credit, it will cost $95 more in interest than better-rated states…
Saturday, January 19, 2013
State government grows in the dark, like a fungus. • Bill Daley has an idea to take the party out of state elections. • Time magazine mourns for Illinois.
When Gov. Pat Quinn took office in 2009, he promised to take aim at state boards and commissions stocked with politically connected folks drawing large salaries with little oversight into their activities. He would pare down those panels and save you money. Better Government Association investigative reporter Barbara Rose this month looked into whether Quinn delivered: "... more than three years into Quinn’s watch little has changed, except the number of such units is growing. As troubling, many don’t comply with the Illinois Open Meetings Act, according to a report last year by state Auditor General William Holland." In fact, the governor's office is having a hard time keeping up with it all. "With over 322 boards and commissions, …
Saturday, December 22, 2012
The bad news: Job growth in Illinois is too slow, and prison inmates probably watch better TV than you. The good news: Your lawmaker is one of the highest paid in the nation.
Feeling all warm and full of good cheer? Bah! Here's a little something to satisfy the Scrooge in you before the spirit of Christmas takes hold. We Need More Jobs: At 8.7 percent, the Illinois unemployment rate is 1 percent above the national rate. And job creation is improving at a faster clip all around us, in Wisconsin, Indiana, Kentucky, Iowa and Missouri, on average, according to Ted Dabrowski and John Klingner at the Illinois Policy Institute. "The reality is Illinois’ poor policies aren't allowing the state to participate fully in the national recovery. If only Illinois’ unemployment rate were equal to the average of its neighbors, 100,000 more Illinoisans would be working. Yes, jobs are slowly returning to the state, but that’s …
Saturday, December 15, 2012
The representatives and senators leaving office in January 2013 will see millions of dollars in pension payments, figures far more sizable than they would've seen in the private sector.
Are you worried about your own retirement? With the downturn in the economy, did your 401k and savings take a big hit? If so, you're like millions of other Americans forced to confront a dramatically different outlook for their post-work years. But one group of pensioners is largely insulated from such concerns — outgoing Illinois lawmakers. The retirement benefits Illinois legislators receive are far more generous than those most of their constituents could collect working full-time jobs, reports Scott Reeder of the Reeder Report, using data from an Illinois Policy Institute analysis in a piece published on Watchdog.org. The anticipated pension benefits of the 34 lawmakers who will depart the state legislature in January show these …
Saturday, December 8, 2012
The Senate approved drivers licenses for illegal immigrants on Tuesday, with bipartisan backing. What do you think? Take the Patch Poll.
The Illinois House will soon take up a bill passed in the Illinois Senate Tuesday that allows illegal immigrants to obtain temporary drivers' licenses and insurance. Half of the GOP lawmakers in the Illinois Senate voted against the bill. The measure passed, though, with a final vote of 41-14. Senate Bill 957 would enable about 250,000 illegal immigrants who already drive in Illinois to have a chance to go through drivers testing, receive a special license good for three years and purchase insurance. That means safer roads for Illinoisans, backers of the bill say. Officials say uninsured immigrants behind the wheel cause $64 million in damage claims every year. Voting against the measure were Republican senators Tim Bivins, Larry Bomke, …
Saturday, October 13, 2012
Durbin and Kirk support $150 million loan for SimpleHx • Few approve of Quinn • Convicts collect $2 million in unemployment • Poll: Biggert-Foster very close • State House candidate's domestic battery case dropped with scant attention.
One aspect of Obamacare is drawing bipartisan support — at least in Illinois. Democrat Dick Durbin and Republican Mark Kirk both back an outfit called SimpleHx, which wants a $150 million federal loan to establish the state's first health insurance co-op under the president's federal healthcare law. The people behind SimpleHx met at Northwestern University last year while pursuing their MBAs, according to Modern Healthcare reporter Kristen Schorsch. SimpleHx is competing against four proposals, including one backed by the Metropolitan Chicago Healthcare Council, a trade group founded in 1935 that represents more than 150 local hospitals and health care organizations. If the proposals are similar, in terms of promises to save money and …
Tom S
9:42 pm on Sunday, February 17, 2013
Under the Smart Grid law passed in 2011, ComEd committed to spend $2.6 billion over 10 years to modernize the electric grid in Northern Illinois. The ICC's interpretation of the law reduced funding to complete the modernization program. As a result, ComEd faced a reduction in funding of nearly $100 million per year in 2014 and beyond. Without the additional funding, ComEd stated it could not … more ›