Illinois Public Media News
Illinois home foreclosure activity during the first quarter of 2010 fell 4.6 percent from the previous quarter, but was still higher than the first quarter of 2009.
A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 45,780 foreclosure filings in the first quarter of 2010. Filings include default notices, auction-sale notices and bank repossessions.
The filings represent one in every 115 housing units in the state. That rate is nearly 17.5 percent higher than in the first quarter of last year and 9th-highest nationally.
Nevada again had the nation's highest foreclosure rate _ one in every 33 housing units.
Other states with foreclosure rates higher than Illinois were: Arizona, Florida, California, Utah, Michigan, Georgia, Idaho and Colorado.
University of Illinois Trustees could begin interviewing its 10 finalists for university president by the end of this week. The presidential search committee is not naming the finalists, but committee chair and trustee Pam Strobel says 8 of the 10 come from the public universities, and some have ties to the U of I. Five of them are current university presidents.
On Monday, she says the committee updated the rest of the Trustees on those finalists. Strobel says the board is on track to name a new president by sometime next month. And she says the finalists aren't concerned about the economic climate affecting the U of I, along with many other campuses. "And it seems to be almost an epidemic that is going on, affecting especially public universities in so very many states," says Strobel. "And so we are not alone even though we are in a very serious financial crisis... and the caliber of people who we are looking at seem to be very able to rise to the challenge." Strobel says the trustees aren't releasing when or where candidate interviews will be conducted. U of I board members met in closed session Monday in Chicago... and may interview some of those finalists when meeting again Friday. Stanley Ikenberry, the U of I's president from 1979 to 1995, has served as interim president since Joseph White stepped down last year amid an admissions scandal.
The newly-combined Carle Foundation Hospital and former Carle Clinic may have a deal with local governments over property taxes.
Up to now, Carle Clinic Association had been an independent for-profit firm. But now that it's been bought out by the Carle Foundation, it's got not-for-profit status under the name Carle Physician Group. That means it's no longer liable for property taxes at its clinic buildings - and that could cost government entities in Champaign County at least $2.4 million a year.
When the merger was announced last November, Carle CEO Dr. James Leonard was quoted as saying Carle would make payments to those government in lieu of taxes. Thursday, he said they're getting close to an agreement.
"We're not done with the discussions yet," Leonard said. "In terms of of their needs, they're very concerned -- particularly with the recession we've been in -- about the resources going forward. It's been an active, positive discussion."
Leonard wouldn't say when a final agreement on tax payments would come out. Meanwhile, he says the Carle Foundation would continue to challenge the state's decision to strip it of its tax-exempt status for some hospital properties. The hospital has put money into an escrow account as the case is still being challenged in court.
University of Illinois administrators are meeting with two 'green energy' student groups next week to decide if a plan for placing a wind turbine on the Urbana campus still has life. A $2 million grant awarded in 2005 will expire in three months, unless the U of I can find a funding source to pick up the remaining cost. With dwindling state funds, members of groups like the Student Sustainability Committee and Students for Environmental Concerns suggest the capital bill approved by Illinois lawmakers, or the U of I Foundation, could pay the remaining $1.7 million for the turbine.
U of I Interim Vice Chancellor for Public Engagement Steven Sonka says the turbine would appear to produce a reasonable rate of return, and would be an attractive option if financing were available. But he suggests there are more effective uses for that kind of money... including retro-commissioning of some campus buildings. "These are very high payoff in terms of energy savings, because it's the energy savings that pays back the initial investment,' says Sonka. "And we want to do those, too. But that's a question of financing as well. We've gotten grants in the past to change lighting in buildings, and those tend to have attractive payoffs." With Urbana campus energy costs exceeding $75-million a year, student groups contend the turbine would quickly show some benefits.
Sonka says the student proposals for paying for the turbine's remaining cost would be considered. He says discussions with other 'outside entities' are being considered, but wouldn't comment on them. The initial grant for funding the wind turbine came from the Illinois Clean Energy Community Foundation. On Monday, Governor Pat Quinn indicated his support for the project in a visit to campus, noting wind energy was one goal of the recently-passed capital bill.
Just over 600 employees on the University of Illinois' Urbana campus want to take advantage of voluntary separation programs offered early this year.
Friday is the deadline for applicants looking to leave their jobs or retire through the program. The incentive was offered earlier this year as a means for the U of I to cut costs amid Illinois' bleak financial picture. Spokeswoman Robin Kaler says human resources staff had no idea how many applicants they'd get, but she says the mere volume means employees won't hear word on a decision until the first week of May. Kaler says departments will soon have their work cut out for them when reviewing names. "Would allowing 'Person X' to separate save you money?,' says Kaler. "And obviously, if a unit has more than one person who's signed up, they would look at the whole picture. It might be that 'boy, we'd need to replace a piece of this person, but if that person also left, we could replace two people with one, or something like that." Kaler says the 613 applicants included about 350 civil service workers, and 180 academic professionals. Meanwhile, about 90 tenured faculty members, and another 16 adjunct professors and lecturers took advantage of a voluntary retirement incentive. About 30 applicants weren't eligible for the program, with about 20 more names to review. Human Resources on the Urbana campus offered the Campus Separation Incentive programs to anyone who had been on campus for at least four consecutive years. The retirement incentive applies to staff who meet State University Retirement System eligibility requirements. Eligible employees approved for either incentive would receive a lump sum payment of half their annual salary, with a maximum payment of 75-thousand dollars.
Fight in Lincoln's Challenge Dining Hall May Lead to Expulsions
30 to 50 cadets at Rantoul's Lincoln's Challenge program could face expulsion over a fight in the academy's dining hall Sunday night.
Unemployment in Illinois rose slightly from January to February.
The seasonally adjusted jobless rate for February was 11.4 percent. That compares to 11.3 percent in January. There were 900 fewer jobs in Illinois in February.
Illinois Department of Employment Security Director Maureen O'Donnell says she's encouraged that the job loss pace is slowing in the state. She says a few more months of data are needed before it's possible to assess the path of recovery.
Illinois' jobless rate is at its highest level since July 1983. Since the recession began in December 2007, the nation has lost 8.4 million jobs and Illinois has lost 403,600 jobs.
The national unemployment rate in February was 9.7 percent.
The Illinois House wants to give struggling schools a chance at saving money by having students in class only four days a week.
The measure easily advanced to the state Senate. Supporters say costs like busing students and electricity would be lower. The sponsor, Danville Republican Representative Bill Black, says it would require schools that drop a day to have longer hours when school is in session. That way, students would still be in class the same amount of time.
But opponents, like Chicago Democratic Representative Monique Davis, say the state should avoid placing money problems on the backs of students and their families. "I don't believe that children should be told you can stay home alone for a full day and take care of yourselves, take care of your little brothers, take care of your little sisters because the state can no longer afford to educate you," Davis said.
Under the proposal, school districts interested in dropping to a four day school week would have to hold public hearings. The State Board of Education would also review the plan.
Public education faces one-point-three billion dollars in cuts next school year. Governor Pat Quinn is suggesting lawmakers approve a tax increase to plug that hole.
With a major healthcare reform about to become law......many Illinoisans are left wondering what's in it for them. The Illinois Department of Insurance has put together a list of changes directly affecting people in the state.
Most provisions won't take effect until 2014, but residents could start seeing changes to their policies within the year. The state Department of Insurance expects health insurance rates to stabilize. The agency points out those seeking coverage won't be discriminated against because of a pre-existing illnesses.
The department's Director Michael McRaith says those changes will reduce trepidation on the part of Illinois consumers. "No longer will people be denied an application for insurance, be denied a claim that they filed with their insurance company, will be charged more because they've been sick or they might become sick in the future," McRaith said.
A major provision of the package is an insurance exchange system. McRaith says that will let Illinoisans shop around and pick from state approved policies. He adds that preventative services like mammograms will also be included. The changes will expand Illinois' Medicaid system, but there are no official cost estimates. One study found one third of Illinois residents have no health coverage.
Some Democrats are reacting coolly to Governor Pat Quinn's call on lawmakers to stay in Springfield over their spring break to work on budget issues - but Quinn's challenger says "bring it on."
Quinn wants a vote soon on his proposal to raise the state income tax rate by one percent to help bolster education funding in the midst of a 13 billion dollar budget deficit. Republican candidate for governor Bill Brady says he's in favor of an early vote too, but for a different reason.
"We're ready to go tomorrow," Brady said. "The sooner the better, because it's time that he stopped living in fantasy land, and it's time that he realized that the real picture is that we're not going to raise taxes. We're not going to do that to Illinois families and businesses, and we're going to deconstruct and construct a budget that's balanced."
Brady says he's against any sort of tax increase in this year's general assembly. Democratic House leader Mike Madigan will only say he's taking the idea of an early vote on an income tax increase under advisement.
Brady made a weekend appearance at a Champaign County GOP event headlined by former Bush administration advisor Karl Rove.
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