Entries by Gregg Durham

Illinois sells first $1.5 billion of bonds to pay overdue bills

From the St. Louis Post-Dispatch: Illinois on Tuesday sold the first $1.5 billion of a planned $6 billion of tax-exempt debt in the U.S. municipal market, with Bank of America Merrill Lynch winning $1 billion of general obligation bonds and J.P. Morgan Securities winning $500 million of bonds in competitive bidding. The state is scheduled to […]

Obamacare rates in Illinois could climb next year

Health insurers want to raise premiums next year for Illinois consumers who buy coverage through the Obamacare exchange — in many cases citing uncertainty surrounding the health care law as a reason for the proposed jumps. Average rate increases for individual plans in Illinois could range from 5 percent to 43 percent depending on a number of […]

Lawmakers Quickly Adjourn 2nd Day of School Funding Session

Illinois legislators have adjourned a second day of a special session on school funding after just minutes. The House and Senate met briefly Thursday, but didn’t take up any action. Gov. Bruce Rauner summoned lawmakers with the task of resolving a fight over a new funding calculation. Both chambers have approved a plan, but the […]

Illinois Made, Illinois Proud: Macon Resources

One local organization is helping businesses with their manufacturing needs, while teaching their employees important developmental and social skills. Macon Resources, Inc., located at 2121 Hubbard Avenue in Decatur, is a non-profit organization that provides services that helps promote the independence, growth, and self-worth of children and adults with disabilities.  Among the many services Macon […]

Tax hike shakes up dynamics in 2018 Illinois governor race

From the Chicago Tribune: The template for the 2018 Illinois governor’s race had long been set — Republican Gov. Bruce Rauner linking House Speaker Michael Madigan to the Democratic nominees, while Democrats try to tie the governor to President Donald Trump. Then Madigan and Democratic lawmakers led the override of Rauner’s vetoes of a major income tax increase and budget, ending […]

Lawmaker and Organizations Respond to House Budget Passage

From WJBD Radio: More reactions are coming in after the Illinois House of Representatives voted to approve a state budget that included an income tax increase. State Representative Charlie Meier was one of the Republicans who voted in favor of the budget and the income tax increase. Meier sent out a statement Monday, saying he […]

Illinois is in deep trouble: What investors need to know

From Fox Business: Illinois is locked in a political stalemate, and in danger of becoming the first U.S. state to have its debt downgraded to junk status. S&P Global Inc. threatened to take that action if Gov. Bruce Rauner and Democratic Speaker of the House Michael Madigan can’t agree on a package of spending and […]

Slow Start to Illinois Session Called to Solve Budget Fight

From US News: The first day of a costly special legislative session aimed at solving Illinois’ unprecedented budget crisis got off to a slow start with both the House and Senate adjourning quickly Wednesday without making any substantive progress. Instead, Democrats and Republicans used news conferences and floor speeches to say they were ready to […]