Posts tagged "Pat Quinn"

What you need to know from Gov. Quinn’s budget address

What you need to know from Gov. Quinn’s budget address
In his budget address Wednesday, Gov. Pat Quinn went over his top budget priorities for fiscal year 2014. He placed the speech’s main focus on the state of underfunded pensions. In case you missed the speech, we’ve pulled out some of the key statements. Public sector pensions Quinn stressed that some public employees would no... Read more »

Fast-track foreclosure bill for abandoned homes signed into law

Fast-track foreclosure bill for abandoned homes signed into law
This train is now running express. Under a bill signed into law this month by Gov. Pat Quinn, abandoned homes can be fast-tracked to foreclosure. That means their upkeep becomes the lenders’ responsibility before they fall apart and drag down a neighborhood’s economy and security. The bill will also force banks to pay a fee... Read more »

Emanuel and industry peeved about Quinn's gambling veto

Emanuel and industry peeved about Quinn's gambling veto
Gov. Pat Quinn used his red pen today to veto a major gambling expansion bill, but supporters of the legislation say they’re not ready to throw in the cards just yet. Since taking office last year, Mayor Rahm Emanuel has been cheerleading for a casino for Chicago–which was part of the bill Quinn vetoed. The... Read more »
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What's up this week: Odds of gambling bill becoming law in Quinn's hands

What's up this week: Odds of gambling bill becoming law in Quinn's hands
By Tuesday, Gov. Pat Quinn will decide whether to sign, veto or do nothing with a gambling bill the legislature sent him at the end of the spring session. Quinn is concerned with several provisions in the bill, but he’s refused to say whether he’ll issue an outright veto. The bill would create five new... Read more »

What's up this week: Pension pinch, special session called in Springfield, little expected out of it

What's up this week: Pension pinch, special session called in Springfield, little expected out of it
State lawmakers will convene in Springfield on Aug. 17 for a one-day special session called by Gov. Pat Quinn to persuade them to pass “comprehensive” pension reform legislation. Little is expected to come of the one-day session, though. Democrats likely don’t want to pass legislation that will upset unions and labor organizations–big campaign donors–during an... Read more »

Race, poverty and politics: Chicagoland foreclosures spike; public grumbing over River Point TIF; Quinn says pension costs could surpass state's education spending

Chicago-area foreclosures in July were 37 per cent higher than they were a year ago. Citing RealtyTrac data released Thursday, The Chicago Tribune reported that 11,885 homes in Cook, DuPage, Kane, Kendall, Lake, McHenry and Will counties were in some stage of foreclosure last month: 5,374 entered the foreclosure process; 3,274 were scheduled for a... Read more »
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Mortgage fraud bill stiffens penalties, boosts fees and fines

Mortgage fraud bill stiffens penalties, boosts fees and fines
Tweaks to Illinois’ 1987 Residential Mortgage License Act, signed into law last week by Gov. Pat Quinn, will give the state’s regulatory department more resources to combat shady mortgage lenders who engage in fraud, according to the bill’s supporters. Under the new law–HB4521–mortgage lenders looking to become licensed will have to pay $657 more, or... Read more »

What's up this week: Quinn must sign or veto power plant bill by Friday

What's up this week: Quinn must sign or veto power plant bill by Friday
Gov. Pat Quinn has until Friday Aug. 10 to decide whether he’ll sign or veto a bill that would force Illinois energy consumers to pay for most of the $3 billion construction of a coal-to-natural gas power plant that could go up on the Southeast Side. SB3766 was passed in the twilight of the spring... Read more »

Race, poverty and politics: Mixed reviews on cab strike; Rep. Smith's attorney wants House to slow down; Rep. Joe Walsh has controversial week

Chicago cab drivers held a partial strike Monday, the success of which varies depending on whom you speak with. Fayez Khozindar, chair of the United Taxidrivers Community Council–which staged the strike–claimed several times this week that “80 percent” of the city’s cab drivers were on strike from 6-11 a.m., Monday. There are roughly 12,000 cab... Read more »
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What court's Affordable Care Act rulings mean for Illinois

What court's Affordable Care Act rulings mean for Illinois
More low-income people in Illinois will be able to enroll in Medicaid, and the state could create its own exchange for Illinoisans to shop for competitively priced health insurance, following the U.S. Supreme Court’s decision today to uphold most of President Barack Obama’s signature health care law. When it comes to Medicaid, the majority of... Read more »