Illinois Public Media News

AP - Illinois Public Media News - March 05, 2010

Bank Regulators Take Over Bank of Illinois

Regulators have taken over the Bank of Illinois in Normal. The Federal Deposit Insurance Corporation is the appointed receiver.

Heartland Bank and Trust Company of Bloomington will assume all the deposits of Bank of Illinois for a premium of 3.61 percent and has agreed to purchase all the assets.

The FDIC says it expects the cost to the FDIC Insurance Fund will be $53.7 million.

As of December 31, 2009 Bank of Illinois had $211 million in assets. The FDIC and Heartland Bank have entered into a loss sharing program on $166.6 million in remaining assets.

Bank of Illinois is the 24th FDIC Insured institution to fail in the nation this year and the third in Illinois. It was founded in 1914.

Categories: Business
Tags: business

AP - Illinois Public Media News - March 05, 2010

Dillard Concedes GOP Gubernatorial Nomination to Brady

Sen. Kirk Dillard called it a "hard-fought race'' today as he conceded defeat in the Republican primary for Illinois governor. Dillard's concession makes Bloomington Sen. Bill Brady the party's official nominee.

Dillard says he'll do whatever he can to help Brady defeat Democratic Gov. Pat Quinn in November. The Senator says he feels Brady can win the governor's race, but he needs to become better-known in the Chicago area. Official results released Friday by the State Board of Elections show Brady winning the primary by 193 votes. Dillard also says he's decided not to ask for a recount. Unofficial election night results compiled by The Associated Press showed Brady with a lead of 420 votes. Absentee and provisional ballots counted since then narrowed the gap.

Categories: Government, Politics

AP - Illinois Public Media News - March 05, 2010

Brady Declared Official GOP Gov. Primary Winner, Will Dillard Seek Recount?

Official results from the State Board of Elections show Sen. Bill Brady won the Republican nomination for Illinois governor by 193 votes.

Fellow Sen. Kirk Dillard now must decide whether to concede the race or ask for a recount after the board voted Friday morning to declare the results from the Feb. 2 primary official.

Dillard has said he might seek a recount if he lost by fewer than 100 votes. He's expected to announce his decision at an afternoon news conference.

Dillard did not immediately concede the race on Election Night after it ended in a virtual tie.

Unofficial election night results compiled by The Associated Press showed Brady with a lead of 420 votes. Absentee and provisional ballots counted since then narrowed the gap.

Categories: Government, Politics

AP - Illinois Public Media News - March 05, 2010

Smith Leads Illinois Women Past Indiana

Jenna Smith had 23 points and a Big Ten tournament-record 19 rebounds to help Illinois beat Indiana 59-53 in a first-round game on Thursday.

Smith also hit two key free throws in the final minute to end Indiana's season. Illinois had lost both regular-season games against the Hoosiers.

The Fighting Illini advanced to play No. 10 Ohio State on Friday in the quarterfinals.

Lacey Simpson had 12 points, eight steals and seven assists for Illinois (16-13). Simpson's steals total was the second-most in a tournament game.

Jori Davis scored 17 of her 20 points in the second half for Indiana. Jamie Braun scored 13 points, all in the first half, for the Hoosiers (14-16).

Illinois held Indiana to 27 percent shooting. The Fighting Illini have reached the quarterfinals each year since losing in the first round in 2004.

--- Cliff Brunt

Categories: Education, Sports

AP - Illinois Public Media News - March 05, 2010

Danville Police Arrest Suspect in Connection with Shooting

Danville Police have arrested a Chicago man in connection with Monday's shooting on Grace Street on Danville's east side.

29 year old Ronald Van Pelt of Chicago was taken into custody Thursday.

He's charged with aggravated battery and aggravated discharge of a firearm, in connection with Monday's shooting of a 29 year old Danville man.

The victim remains hospitalized.

Bond for Van Pelt was set at $500,000 dollars.

Categories: Criminal Justice
Tags: crime

AP - Illinois Public Media News - March 05, 2010

Mahomet Seymour School Bd Gets Public Feedback on Budget Cuts

Like many others in Illinois, the Mahomet Seymour School District is looking at painful budget cuts as a way to cope with the state's revenue crisis. And at a special meeting last (Thursday) night, more than 150 came to a special school board meeting to defend the programs they care about.

Out of the $620,276 in proposed cuts, reductions in the number of elementary classes and the elimination of intramural sports and the enrichment program received the most criticism. Lisa Powell told Mahomet Syemour school board members she had moved to Mahomet for its schools, and that cutting the enrichment program would hurt.

"A gifted child's needs are not met in the standard classroom", said Powell. "So you are going to lose children. You are going to have children who are bored. And when children are bored, what do they do? They become a Problem."

The proposed reductions in the number of elementary school classes would lead to larger class sizes in every grade but first grade. Jeff Hamilton was one of several parents who asked the school board find an alternative.

"I have a first grader with Special Education needs", explained Hamilton. "Small class sizes are very important and need to be maintained to give my daughter the best opportunity she has to succeed in school and in her life."

Others suggested that some of the cuts could be avoided by dipping into Mahomet-Seymour's $2,000,000 Education Fund. But School Board President Terry Greene says that could be risky, leading to even more budget cuts down the line.

"It was just six years ago that this school district was $1.6 million in the hole", said Greene after the public comments were completed. "We don't want to go back to the day where we have to lay off people, cut programs, raise fees through the roof. So we're trying to be responsible, trying to be thoughtful."

Greene says the Mahomet-Seymour school board will continue budget discussions next week --- and take a final vote at its March 15th meeting.

Categories: Education
Tags: education

AP - Illinois Public Media News - March 05, 2010

FAA Plans To Move Willard Radar Jobs To Chicago Area

A plan to move air traffic control radar services from Willard Airport to the Chicago area in five years isn't sitting well with the airport's manager.

Steve Wanzek says he's finding little justification for an FAA proposal to move those employees from Champaign to Elgin. The radar control workers monitor air traffic just outside of the visual range of the tower. Willard is getting an updated control tower... and Wanzek says plans are to leave those facilities out, since the radar employees can perform the same function elsewhere. Willard's radar facilities also serve air traffic in Danville and Decatur. But Wanzek says communicating with radar control in the suburbs means losing local knowledge of the region in the event of an emergency. "We get a pilot that's lost or whatever who might able to identify some kind of landmark," says Wanzek. "Whether it be an interection, or a sign, or something that the local controller might know something about because he lives here, and drives around here, and maybe he's driven by that sign or knows that intersection better than he would know if he was up in Elgin."

Wanzek also says losing those employees will hurt the University of Illinois' Institute of Aviation, in which more than 250 students monitor the activites of both radar controllers and air traffic personnel on the ground. The FAA's change could impact 12 to 14 jobs. Agency spokesman Tony Molinaro says the agency continues to analyze the potential cost savings of those salaries, along with building Willard's new tower without a radar room. He also contends that only a handful of Willard employees handle multiple tasks. "The tower controllers would be sending the planes out from the runways and the radar folks are splitting them up or vice versa," says Molinaro. "People are coming from different directions, the radar folks are putting them in line, and then handing them over to the tower folks. Most of those people would stay where they are, cause we still need all those folks to be in the tower itself."

Willard Airport Air Traffic Controller Carl Jensen says he may consider relocating, but wants an explanation from the FAA regarding potential cost savings. He says it makes no sense to give some Willard employees a cost of living increase to do the same job from the Chicago area. The National Air Traffic Controllers Association is also opposed to the plan.


AP - Illinois Public Media News - March 04, 2010

4-Day School Week Bill Could See Action Next Week

A bill giving Illinois school districts the option of cutting their week a day short to save money could clear a House committee next week.

But Republican Sponsor Bill Black of Danville admits its chances for passing the full House are slim. The legislation was proposed last month at the request of a rural school administrator in Black's district. Jamaica School Superintendent Mark Janesky estimates the district would save $100,000 dollars a year by parking buses and leaving lights off for a day, and holding longer school hours on four days. Black says there's a big difference between the state dollars coming into a district like Jamaica and one in an urban area. "Some of these small rural school districts may be faced with the ultimate decision," says Black. "And that's to close, and tuition out their students to a surronding district, to consolidate, which is always an emotional issue, or to form cooperative high schools, which is a law I passed 3 or 4 years ago."

Black says a couple other rural school districts have contacted him with interest in making the change. If the bill passes, Janesky admits a number of issues would come up in a local public hearing, like child care for some parents. "Some of them who have younger kids at home - they rely on older kids to watch them, or they don't have any older children at home to watch them," says Janesky. "They may not like it at all. It may mean that they have to find another way to child care for an extra day. There's going to negatives and positives to how the community is going to react to it."

Black says some fellow lawmakers fear the bill would set a bad precedent, but he notes many school districts, including Danville, used to hold half-day school days because of financial problems. The State Board of Education is drafting an amendment to the bill to be sure it complies with school code. Representative Shane Cultra of Onarga is a co-sponsor of the measure.


AP - Illinois Public Media News - March 04, 2010

UI and SIU Presidents Argue Against More Cuts to Higher Education

If their budgets are cut by ten percent ... leaders of two state universities in Illinois say they'll have to lay off staff and raise tuition even higher.

Legislators are beginning to craft next year's Illinois budget ... and reductions in higher education spending is a strong possibility. One Senate plan would cut state appropriations to the state's public universities by ten percent.

University of Illinois interim President Stan Ikenberry told state senators Wednesday that amounts to a 74 million dollar blow.

"It would require draconian cuts in our staff", says Ikenberry. "Let me put it this way, this year, already, we have made roughly eight and a half percent of budget cuts plus we've instituted furloughs and layoffs."

Southern Illinois University President Glenn Poshard says a reduction in state support to higher education will inhibit the state's long-term economic growth.

"Continuing on the same old path of budget cuts and tuition increases will without questions further reduce accessibility and affordability to low and moderate income families", says Poshard.

Poshard says SIU has had a hard time this year because the state is so behind on making its payments to the school.

He says a borrowing plan approved Wednesday by the Illinois Senate would help SIU.

It would allow Illinois' nine public universities to take out short-term loans that would have to be paid back within a year.

Poshard says SIU has received only 23 percent of the money it's owed from the state. Ikenberry says the U of I has received 18 percent of its appropriation.

Categories: Education, Government, Politics

AP - Illinois Public Media News - March 04, 2010

Lucrative Retirement Proposed for UIS Official

According to a proposed retirement agreement, the departing chancellor of the University of Illinois' campus in Springfield will retain his $273,500 salary for 14 months after he leaves the post this fall.

The agreement released Wednesday will be voted on by the university's board of trustees at its meeting next week. It comes as UI officials say they are under severe financial constraints.

Sixty-five-year-old Richard Ringeisen has been the UIS chancellor since 2001 and is expected to step down Oct. 31. He would then serve as special assistant to the president and consultant for long-range planning through Dec. 31, 2011, before retiring completely.

UI interim president Stanley Ikenberry defended the retirement package, saying Ringeisen's compensation is at about the expected level for a major academic officer at the university.

Categories: Education

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