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…
Tuesday, September 4, 2012
More than a half-dozen gubernatorial wannabes worked the room at the Republican National Convention last week. Who would you like to see make a run for governor?
While the main events at the Republican National Convention centered around Mitt Romney and Paul Ryan, a subtle undercard was the jockeying of would-be GOP candidates for Illinois governor, the Chicago Tribune reports. State Treasurer Dan Rutherford was "highly visible" at the RNC in Tampa, according to the Tribune story by Rick Pearson. Rutherford heads up the Romney campaign in Illinois. Kirk Dillard of Hinsdale, who finished a close second to Bloomington's Bill Brady in the 2010 primary race for governor, has been a prominent face, as well. Dillard wasn't a delegate, but he made the trip to Tampa, just the same. Other gubernatorial wannabes mentioned in the Tribune article include U.S. Rep. Aaron Schock of Peoria, state Sen. Christine …
Tuesday, August 28, 2012
Sen. Christine Radogno (R-Lemont) joins fellow Republicans at convention in Tampa.
Tuesday, August 28, 2012
Super Delegate and Illinois State Senate Minority Leader Christine Radogno (R-Lemont) and Illinois State Treasurer, Chairman of theRomneyCampaign in Illinois, and Chairman of the Illinois Delegation DanRutherford, take a break during the Republican National Convention, which is taking place this week in Tampa, FLA.
Sunday, August 14, 2011
It's always good to be caught up on state politics. Here's an easy guide to what happened this week.
Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. New political map means new faces in GA Every legislator in Illinois has to run in a new district in 2012, causing some to ask this question: Is it worth it? Once a decade, the political landscape shifts, as the legislative districts are redrawn to represent population changes in the census figures. Voters have more than 14 months until they will decide the fate of 177 state lawmakers, but some legislators are taking their political futures into their own hands. Some legislators have announced bids for reelection in a new district; others, like state Sen. Dave Koehler, D-Peoria…
Thursday, August 4, 2011
Dan Rutherford makes comments after Dow Jones Industrial Average dropped 500 points Thursday.
In response to the worst day on the stock market since 2008, Illinois State Treasurer Dan Rutherford issued this statement. “The Illinois Treasurer’s Office watched the markets closely today, and will continue to watch the markets closely again tomorrow for fluctuations based on actions in other countries. "We believe what happened on Wall Street today began with a slight general uncertainty because of the debt ceiling debate, and was aggravated by concerns of economic and structural weakness in Europe. That, in turn, led to increased purchases in U.S. treasuries and the lowered yields which we anticipated. "My senior investment team and I continue to have twice-daily briefings on the markets and their impact on the Illinois treasury. …