Illinois Public Media News


AP - Illinois Public Media News - March 25, 2010

Another Slight Increase for IL Unemployment

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.


AP - Illinois Public Media News - March 23, 2010

Four-Day School Week Concept Passes Illinois House

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.


AP - Illinois Public Media News - March 23, 2010

State Analyzes Effects of Health Care Overhaul

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.


AP - Illinois Public Media News - March 22, 2010

Brady “Ready” to Vote At Any Time on Income Tax Increase—and to Vote No

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.

Categories: Economics, Government, Politics

AP - Illinois Public Media News - March 19, 2010

Forbes Study Places Fighting Illini Among Most Valuable Teams

In a season where the Fighting Illini's bid to make the NCAA tournament fell short, a study by Forbes magazine says it's still among the most financially viable college basketball programs.

The team ranked 5th in the magazine's study and tops among Big Ten Conference teams with a value of $20.8 million. Reporter Peter Schwartz analyzed 'dividends' that teams can generate, including money for academics and scholarships, their athletic conference, and their community at large. In Forbes' third annual ranking of the most valuable college basketball teams, Schwartz says the U of I's athletic department was also able to keep costs for basketball down while helping a lot of so-called 'non-revenue' sports like volleyball and tennis.

Schwartz also says being one of the primary attractions of the area doesn't hurt. "There's even more professional sports competition in and around the area as well, but at the same time, being in Urbana and not being in Chicago actually plays to the programs' benefit." says Schwartz. Schwartz says the Illini's most impressive figures include $7-million in gate receipts, and more than $4 million coming from season ticket holders. Schwartz says success on the court also plays a role into a team's financial success. The Fighting Illini are hosting at least one postseason game next week as part of the NIT Tournament. Schwartz says that will help a team, but it's not a deciding factor in its final ranking in the study.

Other Big Ten schools on Forbes' list of the 20 most valuable teams include Indiana, Ohio State, Wisconsin, Michigan State, and Minnesota. Tops on the list was the North Carolina Tar Heels, with a value of $29 million.

Categories: Economics, Education, Sports

WILL - Illinois Public Media News - March 18, 2010

Churches Struggle to Keep Up with Demand in Assistance

As unemployment climbs and economic hard times worsen for many in Champaign County, area churches are finding it difficult to keep up with the need. Shelley Smithson reports as part of a joint project confronting poverty in the area.

Download mp3 file
Categories: Community, Economics

AP - Illinois Public Media News - March 16, 2010

Supreme Court Ruling May Give Resolution to Tax Question for Provena Hospital

The Illinois Supreme Court is expected to issue its ruling Thursday in a taxation case that could affect dozens of not-for-profit hospitals in Illinois.

The case involves Provena Covenant Medical Center in Urbana. In 2004 it lost its property tax exempt status because county officials determined the hospital did not provide enough charitable care. State revenue officials agreed, but an appeals court reversed the lower court's decision against Provena. At issue is whether Provena still owes local governments more than a million dollars in property taxes a year since the initial decision. The case is on the high court's list of decisions to be released Thursday - both sides argued before the justices last September.


AP - Illinois Public Media News - March 11, 2010

UI Trustees Chair Questions State Commitment to Higher Ed

The chairman of the University of Illinois' Board of Trustees says the state budget unveiled by Governor Pat Quinn calls into question Illinois' commitment to higher education.

Chairman Christopher Kennedy says the $697 million that the budget provides the U of I for the next fiscal year makes it difficult for the school to compete when hiring faculty. "There's some question as to whether or not this state takes higher ed as seriously as do other states," says Kennedy. "And if we continue to underfund, if we continue to decrease the funding, if we continue to not meet the obligations that the state has declared that they would meet to these institutions of higher ed.. people will simply not move to Illinois to take those leadership positions." Kennedy addressed Wednesday's U of I Trustees meeting as Quinn unveiled the budget in Springfield. The $697 million appropriation is $45 million less than the state promised this year - that amount coming through one-time federal stimulus dollars. The state now owes the U of I about $500 million - more than that when including $28 million in yet unpaid student assistance through the Monetary Awards Program, or MAP grants.

U of I Interim President Stanley Ikenberry says the university may seek authority from the legislature to borrow money, but will only do it as a last resort. He has yet to see how much Governor Pat Quinn's budget proposal for a 1% income tax hike would generate for colleges and universities. But Ikenberry called the idea a step forward towards Illinois' financial crisis. On a positive note, Ikenberry says the U of I is becoming more self-reliant through private fundraising. He says the University of Illinois Foundation has raised more than 80% towards its $2.25 billion goal in its 'Brilliant Futures' campaign.


AP - Illinois Public Media News - March 10, 2010

Quinn: Illinois Must Confront Budget Crisis

Gov. Pat Quinn says state government is in a battle against a massive budget deficit and it's a battle the state can't afford to lose.

In a speech to the General Assembly on Wednesday, the Democratic governor said the deficit in the upcoming year will reach $13 billion. Quinn says the state has to get rid of that deficit and strengthen state finances or pay the prices for years to come. He's calling for more than $2 billion in budget cuts, including major cuts to education.

Quinn specifically rejects the idea of across-the-board cuts, which have been proposed by his Republican opponent for governor. He calls that a "chain saw'' approach.

Categories: Economics, Government, Politics

Page 155 of 167 pages ‹ First  < 153 154 155 156 157 >  Last ›