SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Caption contest!

Wednesday, Nov 25, 2015

* Gov. Bruce Rauner’s chief of staff Mike Z is an old pal of mine. Some folks don’t like his boss much, and maybe they don’t care for others in that crew [cough!*Goldberg*cough!], but pretty much everybody has a soft spot for Z. So we can’t pass up this chance now that he’s made Crain’s Chicago Business’ esteemed 40 under 40

- Posted by Rich Miller   13 Comments      

Crossing the line

Wednesday, Nov 25, 2015

* The Fraternal Order of Police Lodge 7, which represents Chicago cops, is raising money to bail out Chicago police officer Jason Van Dyke

JVD Bond Fund Account
November 25, 2015

Anyone wishing to donate to the JVD Bond Fund may do so at any of the four locations of the Chicago Patrolmens’ Federal Credit Union. Please send a check made payable to Tiffany Van Dyke.

The FOP has a right to aggressively represent its members in contract negotiations, grievances, etc. To me, however, this is just going too far.

* Meanwhile

After an appalling dashcam video was released to the public, protesters took to the streets to let it be known that they stood for Laquan, and all victims of racist police violence. There have been reports of at least five demonstrators being arrested. The Chicago Community Bond Fund is raising money for their bond. Your donation in any amount is needed.

The whole protest seemed staged to me last night. I mean, the small demonstration appeared confined mainly to the South Loop, perhaps to ensure maximum media coverage. It’s no secret that it could be difficult to convince some reporters to hang out in Englewood at night (not to mention some - not all! - of those protesters).

Anyway, back to the Chicago Community Bond Fund stuff. From the twitters

From the Tribune

Now, click here and then click here.

* Just about everybody was peaceful last night. It was (thankfully) the usual staged chanting from the usual folks. But one person does appear to have allegedly gotten out of hand. It would help if the protesters recognized that as well. You can’t blame the cops for everything in life.

- Posted by Rich Miller   19 Comments      

Moody’s warns Illinois

Wednesday, Nov 25, 2015

* Reuters

Illinois’ credit rating could move even closer to “junk” if its already large pension liability and budget deficit grow, Moody’s Investors Service said on Tuesday.

Last month, the credit rating agency downgraded Illinois just three steps above “junk” to Baa1 with a negative outlook in the wake of a political impasse that has left the fifth-largest U.S. state without a budget for the fiscal year that began on July 1.

“As long as those conditions continue to deteriorate, those are the most likely drivers of the next downgrade,” Moody’s analyst Ted Hampton said on Tuesday, referring to the pension and deficit problems.

Even if Republican Governor Bruce Rauner and Democrats who control the legislature were to reach a compromise at this point, it would not immediately improve the state’s credit standing. That is because any deal would not likely result in a balanced budget halfway into the fiscal year, Moody’s said in a report. […]

Moody’s said growth in Illinois’ chronic unpaid bill pile, a barometer of the state’s structural budget deficit, “would elevate liquidity risks and add further credit pressure.” The bill backlog stood at $7 billion as of Monday and Moody’s projected it could top a $9.9 billion peak reached in November 2010 if the state fails to fill its fiscal 2016 budget gap.

* Reboot

When Moody’s Investors Service downgraded Illinois’ credit rating in October, Illinois earned not only the distinction of having the lowest credit score of any state (it had had that for some time) but also became the first state to receive a rating below single-A.

But what does that mean and how can Illinois get out of last place? Can Illinois sink even lower on the credit scale, to a point that investors don’t want to buy our bonds?

“There is no floor for U.S. state ratings, despite states’ inherent credit strengths and typically very high ratings,” Moody’s VP-Senior Credit Officer Ted Hampton says. “The majority of states are rated either Aaa or Aa1, and this concentration at the top of our rating scale reflects states’ powers – such as the ability to cut general spending – and positive features that include prudent governance practices, moderate debt burdens, and stable, diverse economies.”

A month after dropping Illinois to a rating of Baa1 negative, Moody’s has released an FAQ document that explains why Illinois fell into its bad credit situation and how it can rebound. Moody’s succinctly spells out the causes of the state’s credit decline: “governance weaknesses, bill payment deferrals, chronic structural budget gaps, and soaring unfunded pension liabilities.”

Subscribers already have my take, but the full report is here.


- Posted by Rich Miller   22 Comments      

The Credit Union Difference

Wednesday, Nov 25, 2015

[The following is a paid advertisement.]

- Posted by Advertising Department   Comments Off      

*** UPDATED x1 - Franks responds *** Uh-oh

Wednesday, Nov 25, 2015

* From the Associated Press

The Illinois Department of Commerce says it has reached tax-break deals with three companies following Gov. Bruce Rauner’s recent decision to reinstate corporate tax incentives.

The deals through the EDGE tax-credit program, though, would not provide tax incentives until Rauner and Illinois lawmakers agree on the overdue state budget.

The department did not provide the size of the tax breaks the companies would receive.

Under the deals announced Tuesday, Fabrik Industries Inc. of McHenry would add 25 new jobs and invest $5 million. The company now employs 264 people.

The other two companies are in Rockford and Northbrook.

* The reason I’m singling out the McHenry County company is because the Associated Press just ran a long story about corporate tax credits and featured that county’s most prominent state legislator, Rep. Jack Franks

Though fond of some of the Rauner changes, Franks said they don’t address “the underlying program at all.”

He believes the EDGE program favors big companies far too heavily, something small businesses in the state frequently complain about.

“I think a better approach would be to lower the tax rates on all corporations,” Franks said.

Franks was also quoted in a recent News-Gazette editorial and the Tribune saying this

“I don’t think the EDGE credit program works,” said Franks, who sponsored the 2003 corporate accountability law and co-chaired a House study last year on state tax policy. “I think it’s a loser, a dead-bang loser.”

* Team Rauner asked if I’d seen the above story and then asked if I’d asked Franks about it. I told Rep. Franks what was going on and he responded via text with a statement…

They have tightened up some regulations but still have no way of measuring if there is a return in the investment. Additionally this is not line itemed and blows another hole in the budget.

I told the Rauner folks about Franks’ statement and they sent me an e-mail exchange from Rep. Franks…

From: [Jack Franks]
Date: August 10, 2015 at 10:42:47 AM CDT
To: [Richard Goldberg], Robert Stefanski
Subject: Fwd: Fabrik Molded Plastics, Inc.

Gentlemen the attached is self explanatory. This is not only an increase of 100 jobs but also the retention of 400

When I spoke with Mr Wagner he said the state was unhelpful and slow to respond. Can we get someone who is a decision maker to meet with him? I’m happy to answer any questions. Jack

Sent from my iPhone

    Begin forwarded message:

    From: “Keith C. Wagner”
    Date: August 10, 2015 at 10:17:16 AM CDT
    To: [Jack Franks]
    Subject: Fabrik Molded Plastics, Inc.

    Representative Jack Franks,

    I appreciate your call and interest in helping Fabrik Molded Plastics with our intentions to grow our business in Illinois. It is good to hear that your willing to put efforts into persuading the state to hear about our plans hopefully offer some assistance to our company. Below is a short narrative regarding what we have been doing so far and what we plan to do in the near future.

    Fabrik has been in McHenry County since 1980, 35 years. We are a custom plastic injection molder that employs 400 people and services companies throughout the world. Our primary niche is Automotive products for just about every automobile manufacturer. Our employees range from entry level machine operators to highly skilled executives. We are a growing company that invests within our community and our people. Fabrik continues to pursue interns from high schools and colleges, we also work with local workforce development groups, taking on new hires that have been struggling to find work.

    Fabrik is growing our business and our current facility in McHenry will not allow us to meet our customers demands. So as any good business would do, the management team embarked on an analysis of expansion in IL and our options outside of IL. Our intended plan within Illinois, would be to buy the building adjacent to our facility in McHenry and add manufacturing capacity. The growth would cost Fabrik over 5 million dollars and would add 100 jobs in the next 3 years.

    As we have been exploring expansion possibilities we have visited several other states and we are considering the potential of utilizing offers that are being made.

    In the first quarter of 2015, Doug Martin of the City of McHenry and Pam Cumpata of McHenry County EDC met at Fabrik to have a conversation on our expansion plans for the company. Included in that conversation was Andria Winters of DCEO. The next step was to complete the State of Illinois Project Profile so that DCEO had information on the company and expansion plans. The Project Profile requested that we supply the offers from the other states, which I have declined to provide to DCEO until an Illinois offer is made. Illinois should make an offer if they intend to compete. Hopefully, Illinois will come through with a package that compares to our other choices.

    Following the submission of the Project Profile and during the discussion requesting additional information, a representative from the Governor’s office contacted Pam Cumpata to inform her that the Governor was suspending the EDGE Tax Credit incentive until a State budget was in place and to my knowledge that is still the case.

    On a local level, the City of McHenry and other taxing bodies are doing all they can to help create a financial incentive for us to aid in our decision process. The total amount that has been discussed as an abatement of taxes would equal $30,000 a year for 10 years. The abatement discussions are not going well, unfortunately the school districts that amount to over half the proposed abatement are not open to the idea. One of the school districts is not discussing the project with the City of McHenry, so it does not look good for the abatement to reach even half of the original proposed amount.

    The timing of the start of this project is coming closer, we do not have the luxury of time that we had when we began this process months ago. We hope to hear from the State of Illinois in the next few weeks so we can begin to make plans to expand here where our roots are. Fabrik is not a big company with resources that can withstand a long period of courtship and legalities, so we can receive an incentive package that will aid us in expanding our business. We are hoping that a simple incentive plan that helps us financially with our growth plans can be offered by the state.

    What can the State do to help is the question that needs to be answered. Training credits are welcomed, but do not add up to an incentive worth the time and efforts.

    Keith Wagner
    President, Fabrik Molded Plastics, Inc.

Jack did the right thing for his district. Good on him. It’s why the Democrat keeps getting reelected in one of the most Republican districts in the state. The man is relentless.

But now he wants to slam the door shut on other districts. Not good.

By the way, I texted Rep. Franks that the governor’s office had released his e-mail and didn’t hear anything back. I’ll let you know if he responds.

*** UPDATE *** From Rep. Franks…

I did not understand your statement that they sent you my email. It had not crossed my mind that they sent you the communication where I asked that they help my constituent.

My criticism of the program remains. It needs to have metrics to determine return on investment It also has to be included in the budget as a verifiable line item. The program needs to be further improved.

Having said that I also have an obligation to help my constituents which were eligible under the guidelines and I did so.

It would serve the governor better to listen to constructive advice instead of attacking the messenger.

To reform Illinois we need to work together. I continue to do so and invite the governor to join me.

- Posted by Rich Miller   31 Comments      

Then and now

Wednesday, Nov 25, 2015

* Chicago Tribune, 4:13 pm, October 21, 2014

A squad car arrived on the scene, and officers spotted the teen — later identified as Laquan McDonald — standing next to a car with a knife in his hand, Camden said. The teen began walking toward Pulaski Road and ignored the officers’ requests to drop the knife, Camden said.

“He’s got a 100-yard stare. He’s staring blankly,” Camden said of the teen. “[He] walked up to a car and stabbed the tire of the car and kept walking.”

Officers remained in their car and followed McDonald as he walked south on Pulaski Road. More officers arrived and police tried to box the teen in with two squad cars, Camden said. McDonald punctured one of the squad car’s front passenger-side tires and damaged the front windshield, police and Camden said.

Officers got out of their car and began approaching McDonald, again telling him to drop the knife, Camden said. The boy allegedly lunged at police, and one of the officers opened fire.

McDonald was shot in the chest and taken to Mount Sinai Hospital, where he was pronounced dead at 10:42 p.m. He lived in the 500 block of North Springfield Avenue, about 5 miles from where he was shot.

Camden said a knife was recovered from the scene. A statement from Police News Affairs said no officers were injured.

Camden said none of the officers who responded had a Taser to use on the teen and were trying to detain him long enough for one to arrive. He said officers were forced to defend themselves.

“When police tell you to drop a weapon, all you have to do is drop it,” Camden said. [Emphasis added.]

* As we all know by now, the video tells a much different story

We’ll have more later.

- Posted by Rich Miller   72 Comments      

Protected: SUBSCRIBERS ONLY - Today’s edition of Capitol Fax (use all CAPS in password)

Wednesday, Nov 25, 2015

This post is password protected. To view it please enter your password below:

- Posted by Rich Miller   Comments Off      

* Caption contest!
* Crossing the line
* Moody's warns Illinois
* The Credit Union Difference
* *** UPDATED x1 - Franks responds *** Uh-oh
* Then and now
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Visit our advertisers...







Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

* Google rumored to assist Samsung with TouchWiz optimization
* Google updates ramp up of AMP
* Bodle working on phone screen that uses less energy
* Google Accelerated Mobile Pages will start speeding up the mobile web early next year
* Black Friday mobile deals and the quest for Inbox Zero | Pocketnow Weekly 176
* T-Mobile announces Un-carrier Unwrapped as holiday gift-giving promo
* Google’s Plan To Accelerate The Mobile Web Will Go Live Early Next Year

* White Sox sign catcher Avila to one-year deal
* Tommy Kahnle enters, Geovany Soto departs
* White Sox acquire Kahnle in deal with Rockies
* White Sox acquire RHP Tommy Kahnle from Rockies for RHP Yency Almonte
* White Sox acquire Kahnle in deal with Rockies
* KBO's Jae-gyun Hwang can be posted after all
* White Sox Charities all about opportunities


Main Menu
Pundit rankings
Subscriber Content
Blagojevich Trial
Updated Posts

November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005


RSS Feed 2.0
Comments RSS 2.0


* Illinois Makes Tax-Break Deals with 3 Companies.....
* Rauner Says Homeland Security to Address Syrian.....
* Rep. Brady: Safety should be top concern in see.....
* Illinois makes tax-break deals with 3 companies.....
* Illinois makes tax-break deals with 3 companies.....
* Illinois makes tax-break deals with 3 companies.....

* Springfield police chief bemoans body-cam 'burden'
* EXCHANGE: Fire training buildings adapt to versatile needs
* Amtrak ramps up service, offers tips for holiday travel
* Bishop Hill Museum acquires early painting by folk artist
* State treasurer to hold online auction of unclaimed property
* Man gets 16 years for sexually assaulting a woman he knew
* U of Illinois group looking for chancellor led by professor
* Illinois makes tax-break deals with 3 companies
* Suburban Chicago teacher sentenced for child pornography
* N. Illinois University removes Bibles from campus hotel

* Springfield police chief sees problems with body cam law
* Lawsuit challenges Illinois ban on marijuana campaign money
* Number of Illinois inmates released on parole climbing
* Bryce Benton circulating petitions to challenge Sen. Sam McCann in GOP primary
* Executive Mansion roof repairs nearing completion
* Candidates begin filing petitions for March primary election
* Benton circulating petitions to challenge McCann in GOP primary
* Rauner administration says House Democrats holding local aid hostage
* Rauner says White House promises to answer refugee queries
* More honors for Auburn woman who saved man from train

* United offers pilots 13% raise
* Shire prepares to make new bid for Baxalta
* Illinois makes tax-break deals with 3 companies
* America is thankful for ... stores open on Thanksgiving
* Four companies doing the right thing for shareholders

* Mitchell: “Hideous” video tells an even more hideous story
* Marchers protest CPD handling of Laquan McDonald’s murder
* Mihalopoulos: Laquan McDonald video could define state’s attorney’s race
* Patrick Kane’s point streak nearing historic levels
* Uber cleared to serve O’Hare, Midway airports
* McCarthy: “Nonsense” to claim his firing of Dante Servin was politically timed
* Quickie quiz: Only player to score goal at United Center, Soldier Field and Wrigley Field?
* Black Caucus chairman: What took Alvarez so long to file charges?
* Veljko Paunovic announced as new Fire coach
* Blackhawks unveil Stadium Series uniforms

* Aspiring poet and protest organizer among those arrested during Loop video protest
* 7 shot, 1 fatally, in shootings on the South Side
* Traffic halted, but few arrests, as hundreds march in Loop after video release
* Shooting video latest stain on Chicago's policing record
* A moment by moment account of what the Laquan McDonald video shows

* Michael Gerson: The Trump effect, still 'understated'
* Catherine Rampell: For millennials, first comes love — then what?
* Springfield police chief sees problems with body cam law
* Lawsuit challenges Illinois ban on marijuana campaign money
* Number of Illinois inmates released on parole climbing
* Lawsuit challenges Illinois ban on marijuana campaign money
* Kathleen Parker: Crazy is as crazy does
* Bryce Benton circulating petitions to challenge Sen. Sam McCann in GOP primary
* Executive Mansion roof repairs nearing completion
* Candidates begin filing petitions for March primary election

* Mississippi River bridge at St. Louis to reopen next month
* Deere's profit tops forecasts even as its sales fall sharply
* Cheap gas fueling expanded Thanksgiving travel day
* Pope arrives in Kenya in pilgrimage to 3 African countries
* Some in military suspended for deadly Afghan hospital attack
* Chicago awaits more protests over police shooting
* Putin sends air-defense missiles to Syria to deter Turkey
* A new storm system develops on the Plains
* Podcast: Tom Kacich 11-25-15
* Teacher of the week: LaDonna Hackler

* Man gets 50 years in prison in 1979 slaying of Gary woman
* White Sox agree to one-year deal for catcher Avila
* US stocks edge higher in early trading; Deere gains on earns
* Pope urges Kenyans to work for peace
* Juvenile charged after Villa Park shooting

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Rauner Says Homeland Security to Address S......

* Kirk co-authors Government Transformation ......

* Registered.
* Free Malcolm London.
* Sunday posts, pics and tweets.
* “The Driver’s Side” – News From The Motorist’s Perspective
* Laquan McDonald Protesters Produce Traffic Chaos Tuesday Night
* 4635 Broadway Begins Its Renovation
* A violent overtone to this week of thanks; will it be ugly Black Friday?
* Random thoughts.
* The cover-up of the killing of Laquan McDonald.
* Tuesday filing, unfiling update

* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact

    Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller