NOTE: The Illinois Channel on Monday will air our interview with Speaker Madigan's Press Secretary, Steve Brown on the Lt Gov selection process for filling the slot on the Dem Ballot. That will be followed by Prof. Paul Green also commenting on that -- and other issues -- as he is interviewed by our Contributing Correspondent, Jeff Berkowitz.
The auditions/interviews noted in the article below took place in Chicago, though the article has a Springfield dateline.
FROM THE PEORIA JOURNAL STAR
SPRINGFIELD — Audition day in the Democratic Party brought out a used-car salesman, veteran legislators, an expert on bat houses and a political legend's daughter — all hoping to become the party's nominee for lieutenant governor of Illinois.
In presentations to party leaders Saturday, some argued that they have the government know-how a state official needs. Others stressed their business experience. Some made the case that they understand the interests and worries of regular voters.
"I get to hear what people think," said Jose Ruiz, a 29-year-old Chicago car salesman. "I think my everyday experience has been more than enough to get me ready for any position."
The applicants also included some of the people who failed to win the nomination in last month's primary election.
"Ten thousand signatures, 30,000 miles and $150,000 later, I'm still trying," said Rep. Arthur Turner, who finished second in the primary.
The original nominee for lieutenant governor, Scott Lee Cohen, withdrew in an embarrassing episode for the party. Democratic leaders pressured him to drop out after allegations of domestic abuse, steroid use and failure to pay child support.
Officials decided to throw open the search for Gov. Pat Quinn's new running mate. They allowed anyone interested in the job to apply online and present their argument to the Democratic Central Committee. More than 100 people made their cases at five hearings in Chicago, its suburbs and Springfield.
Applicants praised the very public search as a way to promote interest in the job and to fight the image of Illinois as a place where every political decision is a backroom deal.
But some also said the process might amount to nothing more than political theater.
"I have to move forward as if it's a serious process. I don't know if that's the case," said Rayne Devivo, a stay-at-home mother from LeRoy.
Devivo said she has worked in state government as an assistant attorney general, among other things. Many others have no state experience.
Robert Nelson of Rochester, for instance, said he's a former school bus driver and an environmentalist. He told the committee that he designs bat houses and gives demonstrations on how to build snowshoes.
The applicants also included former Marines, advocates of legalizing marijuana, a radio DJ, the East St. Louis city treasurer and a volunteer firefighter.
One would-be lieutenant governor, Sheila Simon, called them "a really neat group of folks."
Simon, a law professor at Southern Illinois University, is the daughter of the late U.S. Sen. Paul Simon. She told the committee that she's been part of political campaigns since the age of 7 and understands the rigors of running for statewide office.
In the end, 17 applicants survived the initial screening process and will be considered March 27, when the full Democratic Central Committee is expected to pick a nominee.
The finalists include Turner, Simon and Sen. Susan Garrett, who is on Quinn's list of possibilities. Some relative unknowns also made the cut, including Glenview businesswoman Megan Drilling and DuPage County Board member Dirk Enger.
Committee members are divided on how they'll decide who gets the nomination.
Some say they'll give great deference to Quinn's preference, which the governor says he will reveal in the coming week. Others argue that Turner, the second-place finisher, deserves the nomination.
Rep. Constance Howard, D-Chicago, compared the situation to the Miss America contest. If the winner drops out, she said, the runner-up takes over.
Michael Madigan, chairman of the Illinois Democratic Party, offered little guidance on how the decision will be made next Saturday.
"I'm sure the members of the committee, like I, will be greatly interested in the opinion of the governor. We're very interested in working with him," Madigan said.
Showing posts with label quinn. Show all posts
Showing posts with label quinn. Show all posts
Saturday, March 20, 2010
Thursday, March 18, 2010
Tribune Reports Sen Susan Garrett (D) is a Leading Candidate for Lt Gov on Democratic Ticket
Note from Illinois Channel: Interestingly, when the Illinois Channel got reaction to Gov Quinn's Budget Address, Sen. Garrett was critical of the Governor's proposed tax increase, and said she favored an approach that would first look to cut more waste.
TRIBUNE POSTING
Posted by Rick Pearson and Ray Long at 7:59 p.m. Thursday night 3/18/10
Veteran suburban lawmaker Sen. Susan Garrett has emerged as a leading choice of Democratic Gov. Pat Quinn to become his running mate, top party sources familiar with the discussions said today.
The 60-year-old from Lake Forest shares Quinn’s liberal views, and the governor believes she could help articulate his message as the lieutenant governor candidate in what’s already a contentious general election battle, said the sources, who asked not to be named so they don’t pre-empt Quinn.
Garrett acknowledged that she was contacted Sunday by the governor’s chief of staff, Jerry Stermer, about her interest in the post, then met privately with Quinn this week. Garrett said Thursday that she’s submitting an application to the Web site Democrats have set up for prospective lieutenant governor nominees.
The senator said she would bring an independence to the office, along with her promotion of ethics reforms at the Illinois Toll Highway Authority, clean water issues, health care and job creation.
“I’ve often thought that sometimes, as a legislator, you can go so far, but maybe as a constitutional officer, you might be able to have more say into how reforms are made,” Garrett said. “In this case, you have the ear of the governor.”
Garrett’s interest in the job comes as the Democratic State Central Committee prepares to interview candidates for the vacant job Saturday. Chicago pawnbroker Scott Lee Cohen won the Feb. 2 primary but stepped down amid revelations about his personal life. The 38-member panel is scheduled to pick a replacement March 27 in Springfield.
Garrett, whose state Senate seat is not up for election this fall, is a member of Democratic Senate President John Cullerton’s leadership team. Prior to entering the Senate in 2003, she served four years in the House.
Garrett also has been an outspoken advocate on women’s issues, a demographic in which Quinn suffered some problems in his narrow primary in over Comptroller Dan Hynes for the Democratic governor nomination. A Tribune poll before the primary found Quinn with only a 38 percent job approval rating among female voters.
Republican governor candidate Sen. Bill Brady of Bloomington is a conservative who has opposed abortion rights and expanded health coverage for women. Those views are considered a potential liability, particularly among moderate women in the still heavily Republican suburbs.
TRIBUNE POSTING
Posted by Rick Pearson and Ray Long at 7:59 p.m. Thursday night 3/18/10
Veteran suburban lawmaker Sen. Susan Garrett has emerged as a leading choice of Democratic Gov. Pat Quinn to become his running mate, top party sources familiar with the discussions said today.
The 60-year-old from Lake Forest shares Quinn’s liberal views, and the governor believes she could help articulate his message as the lieutenant governor candidate in what’s already a contentious general election battle, said the sources, who asked not to be named so they don’t pre-empt Quinn.
Garrett acknowledged that she was contacted Sunday by the governor’s chief of staff, Jerry Stermer, about her interest in the post, then met privately with Quinn this week. Garrett said Thursday that she’s submitting an application to the Web site Democrats have set up for prospective lieutenant governor nominees.
The senator said she would bring an independence to the office, along with her promotion of ethics reforms at the Illinois Toll Highway Authority, clean water issues, health care and job creation.
“I’ve often thought that sometimes, as a legislator, you can go so far, but maybe as a constitutional officer, you might be able to have more say into how reforms are made,” Garrett said. “In this case, you have the ear of the governor.”
Garrett’s interest in the job comes as the Democratic State Central Committee prepares to interview candidates for the vacant job Saturday. Chicago pawnbroker Scott Lee Cohen won the Feb. 2 primary but stepped down amid revelations about his personal life. The 38-member panel is scheduled to pick a replacement March 27 in Springfield.
Garrett, whose state Senate seat is not up for election this fall, is a member of Democratic Senate President John Cullerton’s leadership team. Prior to entering the Senate in 2003, she served four years in the House.
Garrett also has been an outspoken advocate on women’s issues, a demographic in which Quinn suffered some problems in his narrow primary in over Comptroller Dan Hynes for the Democratic governor nomination. A Tribune poll before the primary found Quinn with only a 38 percent job approval rating among female voters.
Republican governor candidate Sen. Bill Brady of Bloomington is a conservative who has opposed abortion rights and expanded health coverage for women. Those views are considered a potential liability, particularly among moderate women in the still heavily Republican suburbs.
Wednesday, March 10, 2010
Statement from Illinois Republican Party Chairman Pat Brady Regarding Gov. Quinn's Budget Proposal
From the Illinois Republican Party
Illinois Republican Party Chairman Pat Brady released the following statement regarding Governor Quinn's budget proposal:
"Governor Quinn layed out one of the most irresponsible budgets the people of Illinois have ever seen, perpetuating the status quo of massive borrowing and spending that got us into the fiscal crisis we face today. It's almost like Governor Blagojevich never left Springfield. What's worse is this address should have been given from Quinn's campaign office because it's clear his budget proposal is nothing more than political theatre to get him reelected in November. Raising taxes 33% on Illinois families is not the answer to fixing this budget mess. Republican Senator Bill Brady is in line with the people of Illinois who want fiscal responsibility and reform - neither of which Quinn is willing to bring to the table."
Illinois Republican Party Chairman Pat Brady released the following statement regarding Governor Quinn's budget proposal:
"Governor Quinn layed out one of the most irresponsible budgets the people of Illinois have ever seen, perpetuating the status quo of massive borrowing and spending that got us into the fiscal crisis we face today. It's almost like Governor Blagojevich never left Springfield. What's worse is this address should have been given from Quinn's campaign office because it's clear his budget proposal is nothing more than political theatre to get him reelected in November. Raising taxes 33% on Illinois families is not the answer to fixing this budget mess. Republican Senator Bill Brady is in line with the people of Illinois who want fiscal responsibility and reform - neither of which Quinn is willing to bring to the table."
Tuesday, March 9, 2010
Illinois Capitol Prepares for Budget Briefing and Battles
The Illinois Budget gets presented by Gov Quinn on Wednesday. Reporters get briefed this evening at 5 pm. What is interesting is that the Senate Democratic Caucus already has its satellite time booked to respond to the Gov's Budget. So it is not the case that the State Democratic Party is likely to just come out in favor of the Governor's proposals.
What is certainly a change from the Blago years, is that Gov Quinn is allowing cameras to videotape the Budget Briefing this evening. That was always off limits in the past.
What is certainly a change from the Blago years, is that Gov Quinn is allowing cameras to videotape the Budget Briefing this evening. That was always off limits in the past.
Friday, February 26, 2010
Illinois Honors Those Lost in Desert Storm
SPRINGFIELD – In honor of the 19th anniversary of the cease fire announcement of the Persian Gulf War, the Illinois Department of Veterans’ Affairs (IDVA) held a memorial service today at the Capitol Rotunda in Springfield for the 14 Illinois service members who lost their lives during Operations Desert Shield and Desert Storm. Governor Pat Quinn issued a proclamation declaring Sunday, February 28th, 2010 as Desert Storm Remembrance Day in Illinois and encouraged all Illinoisans to join in on the worthy observance.
“With Sunday marking the 19th anniversary of the end of Operation Desert Storm, we take time to remember the brave men and women who gave their lives during the conflict,” IDVA Director Dan Grant said. “The state of Illinois lost fourteen courageous service members during Operations Desert Shield and Desert Storm, and today we renew our vow to always honor their memories and dedication to this nation.”
The text of the Governor’s proclamation follows:
WHEREAS, since the birth of this great nation, millions of brave American men and women have courageously answered the call to defend their country’s ideals of freedom and democracy; and
WHEREAS, eighteen years ago, over 600,000 members of the United States Armed Forces risked their lives in the Persian Gulf to liberate Kuwait during Operation Desert Storm, some making the ultimate sacrifice for their country; and
WHEREAS, the men and women who served in the United States Armed Forces during Operation Desert Storm have earned the gratitude and respect of their nation; and
WHEREAS, the observance of the 19th anniversary of Operation Desert Storm allows citizens throughout Illinois, and across the country, the opportunity to honor those who served during this conflict for their valor and selflessness:
THEREFORE, I, Pat Quinn, Governor of the State of Illinois, do hereby proclaim February 28, 2010 as DESERT STORM REMEMBRANCE DAY in Illinois, and urge all citizens to honor those who courageously served their country during Operation Desert Storm.
“With Sunday marking the 19th anniversary of the end of Operation Desert Storm, we take time to remember the brave men and women who gave their lives during the conflict,” IDVA Director Dan Grant said. “The state of Illinois lost fourteen courageous service members during Operations Desert Shield and Desert Storm, and today we renew our vow to always honor their memories and dedication to this nation.”
The text of the Governor’s proclamation follows:
WHEREAS, since the birth of this great nation, millions of brave American men and women have courageously answered the call to defend their country’s ideals of freedom and democracy; and
WHEREAS, eighteen years ago, over 600,000 members of the United States Armed Forces risked their lives in the Persian Gulf to liberate Kuwait during Operation Desert Storm, some making the ultimate sacrifice for their country; and
WHEREAS, the men and women who served in the United States Armed Forces during Operation Desert Storm have earned the gratitude and respect of their nation; and
WHEREAS, the observance of the 19th anniversary of Operation Desert Storm allows citizens throughout Illinois, and across the country, the opportunity to honor those who served during this conflict for their valor and selflessness:
THEREFORE, I, Pat Quinn, Governor of the State of Illinois, do hereby proclaim February 28, 2010 as DESERT STORM REMEMBRANCE DAY in Illinois, and urge all citizens to honor those who courageously served their country during Operation Desert Storm.
Saturday, February 6, 2010
Dillard Says There Is No GOP Nominee Until the Last Vote Is Counted
(Chicago, IL) – Republican candidate for Illinois Governor Kirk Dillard today said that the ballot counting process in the GOP Primary must continue, “until all of the legal ballots have been counted and verified.”
With a little more than 400 votes separating Senators Dillard and Bill Brady, Dillard put the difference in perspective. “With over 750-thousand votes cast, this is a .0005 of a percent difference. So, in a race this close, it’s important that every vote count.”
Dillard said campaign estimates, based on contacts with all 110 election authorities across the state, show there are as many as 5,000 provisional ballots still uncounted. In addition, there are about 1,000 absentee ballots that have been delivered but not yet counted.
Dillard also said as many as 5,000 absentee ballots could still be in the mail, not yet delivered to election authorities. “I wish we could resolve this today,” said Dillard. “But the reality is that it takes time for election authorities to do their job and for these votes to be counted.”
Some election officials have told the campaign that they will wait until February 15 or 16 to count their absentee and provisional ballots. “So, we will have to wait awhile longer before those votes are counted,” Dillard explained. “When you have a race this important, it’s essential that every vote count. That’s what Senator Brady and I want, and we know that’s what the people of Illinois deserve.”
Dillard also said the GOP remains committed to defeating Governor Quinn in November. “The Republican Party is unified behind balancing our budget, putting people back to work and cleaning up Springfield. Senator Brady and I are absolutely committed to this goal, regardless of who’s the nominee.”
With a little more than 400 votes separating Senators Dillard and Bill Brady, Dillard put the difference in perspective. “With over 750-thousand votes cast, this is a .0005 of a percent difference. So, in a race this close, it’s important that every vote count.”
Dillard said campaign estimates, based on contacts with all 110 election authorities across the state, show there are as many as 5,000 provisional ballots still uncounted. In addition, there are about 1,000 absentee ballots that have been delivered but not yet counted.
Dillard also said as many as 5,000 absentee ballots could still be in the mail, not yet delivered to election authorities. “I wish we could resolve this today,” said Dillard. “But the reality is that it takes time for election authorities to do their job and for these votes to be counted.”
Some election officials have told the campaign that they will wait until February 15 or 16 to count their absentee and provisional ballots. “So, we will have to wait awhile longer before those votes are counted,” Dillard explained. “When you have a race this important, it’s essential that every vote count. That’s what Senator Brady and I want, and we know that’s what the people of Illinois deserve.”
Dillard also said the GOP remains committed to defeating Governor Quinn in November. “The Republican Party is unified behind balancing our budget, putting people back to work and cleaning up Springfield. Senator Brady and I are absolutely committed to this goal, regardless of who’s the nominee.”
Thursday, February 4, 2010
Audio Clip from Hynes Press Conference
Click the link below to listen to a 46-second audio clip from Comptroller Dan Hynes' press conference conceding victory in the Democratic Primary to Governor Pat Quinn.
http://www.illinoischannel.org/media/HynesDan100204.mp3
http://www.illinoischannel.org/media/HynesDan100204.mp3
BREAKING NEWS: Hynes Concedes to Quinn
Comptroller Dan Hynes has conceded victory in the Democratic Primary to Governor Pat Quinn.
Wednesday, January 13, 2010
Statement from Senate President John Cullerton on the State of the State
From Illinois Senate President John Cullerton
Last year this state faced historic challenges. We had impeachment trial of the former Governor, a historic drop in revenues, record deficits, and significant job loss in the state. But last year was also a year of tremendous accomplishment in ethics, bipartisanship and capital.
I pledged to do everything I could to pass a comprehensive jobs bill for Illinois. Senate Democrats led the way on stabilizing the economy by drafting and passing the first capital construction bill in a decade. This session we will continue the effort to stabilize the economy by creating jobs and growing businesses.
During the past several months, my caucus has met with frontline economic development professionals to create a proactive economic agenda for Illinois. In the next 30 days, Senate Democrats will unveil a comprehensive set of initiatives to invest in the people of Illinois, build upon our economic strengths, and protect the pocketbooks of taxpayers.
We are going to invest in the people of Illinois
Last year this state faced historic challenges. We had impeachment trial of the former Governor, a historic drop in revenues, record deficits, and significant job loss in the state. But last year was also a year of tremendous accomplishment in ethics, bipartisanship and capital.
I pledged to do everything I could to pass a comprehensive jobs bill for Illinois. Senate Democrats led the way on stabilizing the economy by drafting and passing the first capital construction bill in a decade. This session we will continue the effort to stabilize the economy by creating jobs and growing businesses.
During the past several months, my caucus has met with frontline economic development professionals to create a proactive economic agenda for Illinois. In the next 30 days, Senate Democrats will unveil a comprehensive set of initiatives to invest in the people of Illinois, build upon our economic strengths, and protect the pocketbooks of taxpayers.
We are going to invest in the people of Illinois
- Illinois must help small businesses through tax incentives to keeping and creating jobs.
- We will invest in Community Colleges to help Illinois workers gain new skills and training.
- Illinois must find innovative ways to help families pay their bills and stay in their homes.
We are going to build upon our economic strengths
- We must modernize job creation tools for Illinois communities.
- Illinois should reduce fees so businesses can keep and create jobs.
- We must promote key industries to grown our economy and create jobs.
We are going to protect the pocketbooks of taxpayers
- We must stop government fraud through greater oversight.
- We need greater budget transparency and accountability.
- Illinois must ensure that banks invest in small businesses to help keep and create jobs.
This session we face many of the same challenges that we did last year. In order to move forward with plans to stabilize the budget and our economy, we are going to need bipartisan support for increased revenue and budget reforms. I look forward to working with the Governor and both parties to improve Illinois’ economic outlook.
Statement from Illinois Republican Party Chairman Pat Brady on Gov. Quinn’s State of the State Address
From the Illinois Republican Party
"Governor Quinn’s State of the State address today exemplifies the Illinois Democratic Party’s disconnect from reality. We are a state on the verge of financial collapse. A laundry list of government created jobs, government programs and a bail-out from the Federal Government is not a serious approach to economic and fiscal recovery. We can’t wish away a $90 billion unfunded pension liability."
"The People of the State of Illinois will have a clear choice in November between the failed policies of the Quinn/Blagojevich/Madigan single-party rule Democrats and the fiscally responsible approach to running this state articulated by each of our Republican Gubernatorial candidates."
"Governor Quinn’s State of the State address today exemplifies the Illinois Democratic Party’s disconnect from reality. We are a state on the verge of financial collapse. A laundry list of government created jobs, government programs and a bail-out from the Federal Government is not a serious approach to economic and fiscal recovery. We can’t wish away a $90 billion unfunded pension liability."
"The People of the State of Illinois will have a clear choice in November between the failed policies of the Quinn/Blagojevich/Madigan single-party rule Democrats and the fiscally responsible approach to running this state articulated by each of our Republican Gubernatorial candidates."
Statement From Illinois Republican Gubernatorial Candidate Andy McKenna on State of the State Address
From the Campaign Office of Andy McKenna for Governor
“Nearly one year after Governor Quinn took office we are still facing the same problems on a much larger scale; a state on the brink of bankruptcy, fewer jobs, the prospect of higher taxes, and no substantive ethics reform.
“Governor Quinn’s speech today only reinforces how out of touch he is with the Illinois families and how we are in desperate need of new leadership.
“Matt Murphy and I have a plan to solve this budget crisis without a tax increase and bring more good-paying jobs to Illinois.”
“Nearly one year after Governor Quinn took office we are still facing the same problems on a much larger scale; a state on the brink of bankruptcy, fewer jobs, the prospect of higher taxes, and no substantive ethics reform.
“Governor Quinn’s speech today only reinforces how out of touch he is with the Illinois families and how we are in desperate need of new leadership.
“Matt Murphy and I have a plan to solve this budget crisis without a tax increase and bring more good-paying jobs to Illinois.”
Illinois Policy Institute Statement on Governor Quinn's State of the State Address
From the Illinois Policy Institute
CHICAGO - The Illinois Policy Institute, a non-partisan public policy organization, has issued the following statement regarding Governor Pat Quinn's State of the State Address:
"Governor Quinn had an opportunity to offer meaningful spending cuts and tax relief to revitalize our struggling economy and balance our budget," said John Tillman CEO, Illinois Policy Institute. "Unfortunately, he chose to embrace the failed policies of the past such as more government spending and higher taxes. Illinois politicians have tried these "remedies" previously, but they've resulted in Illinois having one of the worst economies in the nation. Springfield needs to live within its means, limit the growth of government spending and support policies that attract businesses and create jobs."
The Illinois Policy Institute recently released a report outlining fifteen (15) missed opportunities by Governor Quinn and the legislature that would have put Illinois' budget on firmer footing. Examples include adopting efficiency savings measures, pursuing Medicaid reform and reining in wasteful spending. The full report can be found at: http://illinoispolicy.org/news/article.asp?ArticleSource=1894
About the Illinois Policy Institute
The Illinois Policy Institute is a nonpartisan research and education organization dedicated to making our state a beacon for liberty and prosperity for all citizens. As a leading voice for economic liberty and government accountability, we engage policy makers, opinion leaders, and citizens on the state and local level by promoting free market principles and liberty-based public policy initiatives for a better Illinois. To learn more about our organization or review our policy briefs, please visit our website at www.illinoispolicyinstitute.org
CHICAGO - The Illinois Policy Institute, a non-partisan public policy organization, has issued the following statement regarding Governor Pat Quinn's State of the State Address:
"Governor Quinn had an opportunity to offer meaningful spending cuts and tax relief to revitalize our struggling economy and balance our budget," said John Tillman CEO, Illinois Policy Institute. "Unfortunately, he chose to embrace the failed policies of the past such as more government spending and higher taxes. Illinois politicians have tried these "remedies" previously, but they've resulted in Illinois having one of the worst economies in the nation. Springfield needs to live within its means, limit the growth of government spending and support policies that attract businesses and create jobs."
The Illinois Policy Institute recently released a report outlining fifteen (15) missed opportunities by Governor Quinn and the legislature that would have put Illinois' budget on firmer footing. Examples include adopting efficiency savings measures, pursuing Medicaid reform and reining in wasteful spending. The full report can be found at: http://illinoispolicy.org/news/article.asp?ArticleSource=1894
About the Illinois Policy Institute
The Illinois Policy Institute is a nonpartisan research and education organization dedicated to making our state a beacon for liberty and prosperity for all citizens. As a leading voice for economic liberty and government accountability, we engage policy makers, opinion leaders, and citizens on the state and local level by promoting free market principles and liberty-based public policy initiatives for a better Illinois. To learn more about our organization or review our policy briefs, please visit our website at www.illinoispolicyinstitute.org
Friday, January 8, 2010
State Successfully Sells $3.466 Billion of General Obligation Bonds to Fund Employee Pensions
From the Governor's Office of Management and Budget
Thursday, January 7, 2010
CHICAGO – January 7, 2010. The Governor’s Office of Management and Budget of the State of Illinois today is pleased to announce the successful sale of $3.466 Billion in taxable General Obligation Bonds at a rate of 3.854% to be deposited into the Pension Contribution Fund. Funds from these bonds will reimburse or fund the State’s required deposit to its pension systems for fiscal year 2010. The bond principal amount will be paid in equal installments over the next five years.
“This is a very successful deal for the State of Illinois and the 3.854% rate is proof the State’s economy is strong,” said Governor Pat Quinn. “Investors have expressed confidence in our State and have allowed us to meet our Pension Contribution for this fiscal year."
Close to 200 investors, including major American, European, and Asian investors purchased these bonds. Demand exceeded $8 Billion resulting in an oversubscription of $3.9 Billion-a 2 to 1 coverage. The oversubscription allowed pricing to be improved 15 basis points over initial indications.
“The level of demand for this bond issuance reflects the markets belief in the State’s long term financial strength, said David Vaught, Director of the Governor’s Office of Management and Budget.
Eleven Banks participated in this transaction including J.P. Morgan, Goldman Sachs, and Loop Capital Markets who served as Joint Book Running Senior Managers. Mesirow Financial served as Senior Manager. Seven other firms completed the underwriting syndicate. Peralta Garcia Solutions served as financial advisor to the State in connection with this financing.
“I’m very pleased with the hard work and great execution provided to the State by our bank group,” said John Sinsheimer, Director of Capital Markets for the Governor’s Office of Management and Budget.
This is the State's first issuance of medium term notes for its pension system and is the second largest deal ever done by the State. It is one of only a handful of deals this size ever completed by state issuers.
The General Assembly authorized these bonds during the July 2009 Session. In excess of $800 Million from this bond sale will be used to reimburse the Common School Fund and the General Revenue Fund for monies already advanced to the pension funds.
Thursday, January 7, 2010
CHICAGO – January 7, 2010. The Governor’s Office of Management and Budget of the State of Illinois today is pleased to announce the successful sale of $3.466 Billion in taxable General Obligation Bonds at a rate of 3.854% to be deposited into the Pension Contribution Fund. Funds from these bonds will reimburse or fund the State’s required deposit to its pension systems for fiscal year 2010. The bond principal amount will be paid in equal installments over the next five years.
“This is a very successful deal for the State of Illinois and the 3.854% rate is proof the State’s economy is strong,” said Governor Pat Quinn. “Investors have expressed confidence in our State and have allowed us to meet our Pension Contribution for this fiscal year."
Close to 200 investors, including major American, European, and Asian investors purchased these bonds. Demand exceeded $8 Billion resulting in an oversubscription of $3.9 Billion-a 2 to 1 coverage. The oversubscription allowed pricing to be improved 15 basis points over initial indications.
“The level of demand for this bond issuance reflects the markets belief in the State’s long term financial strength, said David Vaught, Director of the Governor’s Office of Management and Budget.
Eleven Banks participated in this transaction including J.P. Morgan, Goldman Sachs, and Loop Capital Markets who served as Joint Book Running Senior Managers. Mesirow Financial served as Senior Manager. Seven other firms completed the underwriting syndicate. Peralta Garcia Solutions served as financial advisor to the State in connection with this financing.
“I’m very pleased with the hard work and great execution provided to the State by our bank group,” said John Sinsheimer, Director of Capital Markets for the Governor’s Office of Management and Budget.
This is the State's first issuance of medium term notes for its pension system and is the second largest deal ever done by the State. It is one of only a handful of deals this size ever completed by state issuers.
The General Assembly authorized these bonds during the July 2009 Session. In excess of $800 Million from this bond sale will be used to reimburse the Common School Fund and the General Revenue Fund for monies already advanced to the pension funds.
Wednesday, January 6, 2010
Durbin, Quinn Statement on Recommendation to Approve Sale of Thomson Correctional Center
From the Office of U.S. Senator Dick Durbin
[WASHINGTON, D.C.] – Assistant Senate Majority Leader Dick Durbin (D-IL) and Illinois Governor Pat Quinn today commended the Illinois Commission on Government Forecasting and Accountability (COGFA) for their 7-4 decision in favor of the closure of the Thomson Correctional Center.
Senator Durbin and Governor Quinn issued the following statement:
“We are pleased the bipartisan Commission on Government Forecasting and Accountability has endorsed the sale of the Thomson Correctional Center to the federal government and rejected the partisan rhetoric.
Elected officials, community and business leaders and the residents of Northwest Illinois are wholeheartedly supporting this proposal because they understand that this is an opportunity to create up to 3,800 jobs and generate more than $1 billion in a region that desperately needs both.
Fully utilizing Thomson and upgrading this facility to make it the safest prison in the nation will not jeopardize the safety and security of our country or our state; we would never endorse a plan that would do so. Despite the fear-mongering and nay-saying of a vocal few, we stand with state, county and local law enforcement officers and state’s attorneys from across the area, and with our nation’s military commanders, who know that this is about making our country safer by removing the deadly recruiting tool that Guantanamo has become.
This should not be a political or partisan issue. This is about doing what’s right for our troops, for our national security and for the people of Illinois. We will continue doing everything we can to make this sale a reality and bring the jobs and other economic benefits to our state.”
[WASHINGTON, D.C.] – Assistant Senate Majority Leader Dick Durbin (D-IL) and Illinois Governor Pat Quinn today commended the Illinois Commission on Government Forecasting and Accountability (COGFA) for their 7-4 decision in favor of the closure of the Thomson Correctional Center.
Senator Durbin and Governor Quinn issued the following statement:
“We are pleased the bipartisan Commission on Government Forecasting and Accountability has endorsed the sale of the Thomson Correctional Center to the federal government and rejected the partisan rhetoric.
Elected officials, community and business leaders and the residents of Northwest Illinois are wholeheartedly supporting this proposal because they understand that this is an opportunity to create up to 3,800 jobs and generate more than $1 billion in a region that desperately needs both.
Fully utilizing Thomson and upgrading this facility to make it the safest prison in the nation will not jeopardize the safety and security of our country or our state; we would never endorse a plan that would do so. Despite the fear-mongering and nay-saying of a vocal few, we stand with state, county and local law enforcement officers and state’s attorneys from across the area, and with our nation’s military commanders, who know that this is about making our country safer by removing the deadly recruiting tool that Guantanamo has become.
This should not be a political or partisan issue. This is about doing what’s right for our troops, for our national security and for the people of Illinois. We will continue doing everything we can to make this sale a reality and bring the jobs and other economic benefits to our state.”
Monday, January 4, 2010
Chicago Alderman Manuel Flores to Lead the Illinois Commerce Commission
From the Office of Governor Pat Quinn
CHICAGO – January 4, 2009. Governor Pat Quinn today announced the appointment of Manuel Flores as Chairman of the Illinois Commerce Commission (ICC). Flores, a Chicago alderman, brings to his new position a deep understanding of public service, a record for advancing pro-environmental initiatives, and a commitment to expanding broadband Internet access throughout Illinois.
“Manny Flores is an experienced and highly-regarded public servant who will provide a fresh viewpoint at this very important Commission,” said Governor Quinn. “He excelled in the Chicago City Council and will do so at the helm of the ICC.”
Upon Senate confirmation, Flores will be the first Latino Chairman of the ICC. A prominent member of the Chicago City Council, he was elected as 1st Ward Alderman in 2003. He has served in numerous capacities including on the Capital and Technology Development committee and the Energy, Environmental Protection, and Public Utilities committee. He also serves on the Illinois Broadband Deployment Council and the Board of Community Health. (Background information attached)
Flores has been a tireless advocate for building Chicago’s green economy by pushing for LEED certification in new developments, launching GreenEconomyChicago.com, an online social networking platform to develop policy to promote a green marketplace, and spearheading the Chicago’s Green Exchange development, a green business mall that will be a premier destination for clean technology and energy companies.
“I want to thank Governor Quinn for the appointment and I’m proud to serve the state of Illinois as the Chairman of Illinois Commerce Commission,” said Flores.
A graduate of Dominican University and George Washington University Law School, Flores served as a prosecutor in the Cook County State’s Attorney’s Office. He began his career in public service as an aide to Congressman Luis Guiterrez.
The Illinois Commerce Commission’s acts as a bridge between consumers and Illinois’ utility companies, seeking an appropriate balance between the interests of consumers and service providers in order to ensure adequate, efficient, reliable, safe and least-cost public utility services for all citizens of Illinois.
For more information on the ICC, please visit: http://www.icc.illinois.gov/
CHICAGO – January 4, 2009. Governor Pat Quinn today announced the appointment of Manuel Flores as Chairman of the Illinois Commerce Commission (ICC). Flores, a Chicago alderman, brings to his new position a deep understanding of public service, a record for advancing pro-environmental initiatives, and a commitment to expanding broadband Internet access throughout Illinois.
“Manny Flores is an experienced and highly-regarded public servant who will provide a fresh viewpoint at this very important Commission,” said Governor Quinn. “He excelled in the Chicago City Council and will do so at the helm of the ICC.”
Upon Senate confirmation, Flores will be the first Latino Chairman of the ICC. A prominent member of the Chicago City Council, he was elected as 1st Ward Alderman in 2003. He has served in numerous capacities including on the Capital and Technology Development committee and the Energy, Environmental Protection, and Public Utilities committee. He also serves on the Illinois Broadband Deployment Council and the Board of Community Health. (Background information attached)
Flores has been a tireless advocate for building Chicago’s green economy by pushing for LEED certification in new developments, launching GreenEconomyChicago.com, an online social networking platform to develop policy to promote a green marketplace, and spearheading the Chicago’s Green Exchange development, a green business mall that will be a premier destination for clean technology and energy companies.
“I want to thank Governor Quinn for the appointment and I’m proud to serve the state of Illinois as the Chairman of Illinois Commerce Commission,” said Flores.
A graduate of Dominican University and George Washington University Law School, Flores served as a prosecutor in the Cook County State’s Attorney’s Office. He began his career in public service as an aide to Congressman Luis Guiterrez.
The Illinois Commerce Commission’s acts as a bridge between consumers and Illinois’ utility companies, seeking an appropriate balance between the interests of consumers and service providers in order to ensure adequate, efficient, reliable, safe and least-cost public utility services for all citizens of Illinois.
For more information on the ICC, please visit: http://www.icc.illinois.gov/
Tuesday, December 15, 2009
Durbin, Quinn Praise Administration Decision to Purchase Thomson Correctional Center
From the Office of U.S. Senator Dick Durbin
[WASHINGTON, D.C.] – Assistant Senate Majority Leader Dick Durbin (D-IL) and Illinois Governor Pat Quinn today praised the decision by the Obama Administration to proceed with the acquisition of a state of the art correctional facility in Thomson, Illinois.
“Thomson Correctional Center – a high security prison – has been sitting empty for eight years. The Obama Administration has put forward a plan to make it the safest prison in America and we are pleased that they have made this decision. This move will have a tremendously positive impact on the local economy -- creating more than 3,000 jobs and injecting more than $1 billion into the local economy. This is an opportunity to dramatically reduce unemployment, create thousands of good-paying jobs and breathe new economic life into this part of downstate Illinois.”
In a letter to Governor Quinn, sent by the U.S. Attorney General, the Director of National Intelligence and the Secretaries of State, Defense and Homeland Security, the federal government has signaled its intention to purchase and operate the prison.
They write: “We write to inform you that the President has directed, with our unanimous support, that the Federal Government proceed with the acquisition of the facility in Thomson. Not only will this help address the urgent overcrowding problem at our nation’s Federal prisons, but it will also help achieve our goal of closing the detention center at Guantanamo in a timely, secure, and lawful manner.”
The letter also addresses security concerns that have been raised about transferring Guantanamo detainees to the Thomson facility: “The security of the facility and the surrounding region is our paramount concern. The facility was built in 2001 to maximum security specifications, and after acquisition it will be enhanced to exceed perimeter security standards at the nation’s only “supermax” prison in Florence, Colorado, where there has never been an escape or external attack . . . The President has no intention of releasing any detainees in the United States. Current law effectively bars the release of the Guantanamo detainees on U.S. soil, and the Federal Government has broad authority under current law to detain individuals during removal proceedings and pending the execution of final removal orders.”
[WASHINGTON, D.C.] – Assistant Senate Majority Leader Dick Durbin (D-IL) and Illinois Governor Pat Quinn today praised the decision by the Obama Administration to proceed with the acquisition of a state of the art correctional facility in Thomson, Illinois.
“Thomson Correctional Center – a high security prison – has been sitting empty for eight years. The Obama Administration has put forward a plan to make it the safest prison in America and we are pleased that they have made this decision. This move will have a tremendously positive impact on the local economy -- creating more than 3,000 jobs and injecting more than $1 billion into the local economy. This is an opportunity to dramatically reduce unemployment, create thousands of good-paying jobs and breathe new economic life into this part of downstate Illinois.”
In a letter to Governor Quinn, sent by the U.S. Attorney General, the Director of National Intelligence and the Secretaries of State, Defense and Homeland Security, the federal government has signaled its intention to purchase and operate the prison.
They write: “We write to inform you that the President has directed, with our unanimous support, that the Federal Government proceed with the acquisition of the facility in Thomson. Not only will this help address the urgent overcrowding problem at our nation’s Federal prisons, but it will also help achieve our goal of closing the detention center at Guantanamo in a timely, secure, and lawful manner.”
The letter also addresses security concerns that have been raised about transferring Guantanamo detainees to the Thomson facility: “The security of the facility and the surrounding region is our paramount concern. The facility was built in 2001 to maximum security specifications, and after acquisition it will be enhanced to exceed perimeter security standards at the nation’s only “supermax” prison in Florence, Colorado, where there has never been an escape or external attack . . . The President has no intention of releasing any detainees in the United States. Current law effectively bars the release of the Guantanamo detainees on U.S. soil, and the Federal Government has broad authority under current law to detain individuals during removal proceedings and pending the execution of final removal orders.”
Saturday, December 12, 2009
Governor Quinn Signs Campaign Reform Law
From the Office of Governor Pat Quinn
December 9, 2009
CHICAGO – December 9, 2009. Governor Pat Quinn today signed into law a ground-breaking campaign finance bill that imposes Illinois’ first-ever contribution limits on candidates, political parties and political action committees. The new law also makes campaign contribution and expenditure information more open and available to the public.
The signing of this important campaign finance legislation caps Governor Quinn’s “Year of Reform,” which includes passage of other tough ethics laws and implementation of government reforms in the areas of appointments, freedom of information, governmental and pension ethics, procurement and accountability.
“The people of Illinois have demanded reform and greater responsibility from its elected officials and this law will help accomplish those worthy goals,” said Governor Quinn. “This new law requires politicians to be more candid, open and accountable than ever before. It is a crucial and important move in the right direction.”
Senate Bill 1466, which was sponsored by Illinois House Speaker Michael Madigan (D-Chicago) and Senator Don Harmon (D-Oak Park), amends the Illinois Election Code. For the first-time ever, major political contributions will now be limited by law. In addition, the new law requires more frequent disclosure of large campaign contributions to the public.
The new law also creates the Campaign Finance Reform Task Force, which will study the impact of contribution limits and make recommendations following the 2012 and 2014 elections. The task force, which will consist of 11 members appointed by the Governor and the Illinois General Assembly, will also do an in-depth study on the feasibility of implementing public financing for statewide, legislative and judicial offices and make recommendations by September 30, 2012. A final report will be issued by March 10, 2015.
Signing the campaign finance reform law is the latest in a series of government ethics reforms put into action by the Quinn Administration this year.
“Compared to a year ago, Illinois has made tremendous strides toward changing the old ‘business-as-usual’ culture by strengthening government ethics and operations. Yes, there is more work to be done. But the residents of Illinois are being heard and they can be proud of the changes that have already been made on their behalf,” said Governor Quinn.
Working with the General Assembly and reform advocates throughout Illinois, Governor Quinn’s “Year of Reform” agenda includes: establishing strict ethics and codes of conduct for members of State boards and commissions appointed by the governor; strengthening the Illinois Freedom of Information Act; improving pension and governmental ethics; making procurement more fair and open; and improving government transparency with a new accountability portal.
Those attending the bill signing ceremony with Governor Quinn included: George Ranney, CHANGE Illinois! Co-Chair, President and CEO of Chicago Metropolis 2020; Sheila Simon, Illinois Reform Commission; Cynthia Canary, Director, Illinois Campaign for Political Reform; Dawn Clark Netsch, CHANGE Illinois! and Illinois Campaign for Political Reform; and Sen. Don Harmon (D-Oak Park).
For more information, including full text of SB 1466, please visit Illinois.gov.
December 9, 2009
CHICAGO – December 9, 2009. Governor Pat Quinn today signed into law a ground-breaking campaign finance bill that imposes Illinois’ first-ever contribution limits on candidates, political parties and political action committees. The new law also makes campaign contribution and expenditure information more open and available to the public.
The signing of this important campaign finance legislation caps Governor Quinn’s “Year of Reform,” which includes passage of other tough ethics laws and implementation of government reforms in the areas of appointments, freedom of information, governmental and pension ethics, procurement and accountability.
“The people of Illinois have demanded reform and greater responsibility from its elected officials and this law will help accomplish those worthy goals,” said Governor Quinn. “This new law requires politicians to be more candid, open and accountable than ever before. It is a crucial and important move in the right direction.”
Senate Bill 1466, which was sponsored by Illinois House Speaker Michael Madigan (D-Chicago) and Senator Don Harmon (D-Oak Park), amends the Illinois Election Code. For the first-time ever, major political contributions will now be limited by law. In addition, the new law requires more frequent disclosure of large campaign contributions to the public.
The new law also creates the Campaign Finance Reform Task Force, which will study the impact of contribution limits and make recommendations following the 2012 and 2014 elections. The task force, which will consist of 11 members appointed by the Governor and the Illinois General Assembly, will also do an in-depth study on the feasibility of implementing public financing for statewide, legislative and judicial offices and make recommendations by September 30, 2012. A final report will be issued by March 10, 2015.
Signing the campaign finance reform law is the latest in a series of government ethics reforms put into action by the Quinn Administration this year.
“Compared to a year ago, Illinois has made tremendous strides toward changing the old ‘business-as-usual’ culture by strengthening government ethics and operations. Yes, there is more work to be done. But the residents of Illinois are being heard and they can be proud of the changes that have already been made on their behalf,” said Governor Quinn.
Working with the General Assembly and reform advocates throughout Illinois, Governor Quinn’s “Year of Reform” agenda includes: establishing strict ethics and codes of conduct for members of State boards and commissions appointed by the governor; strengthening the Illinois Freedom of Information Act; improving pension and governmental ethics; making procurement more fair and open; and improving government transparency with a new accountability portal.
Those attending the bill signing ceremony with Governor Quinn included: George Ranney, CHANGE Illinois! Co-Chair, President and CEO of Chicago Metropolis 2020; Sheila Simon, Illinois Reform Commission; Cynthia Canary, Director, Illinois Campaign for Political Reform; Dawn Clark Netsch, CHANGE Illinois! and Illinois Campaign for Political Reform; and Sen. Don Harmon (D-Oak Park).
For more information, including full text of SB 1466, please visit Illinois.gov.
Thursday, November 12, 2009
Brady Calls on Quinn to Lift Death Penalty Moratorium
From the Campaign Office of Senator Bill Brady for Governor
Senator Bill Brady, Republican candidate for Governor, released the following statement today:
Gov. Quinn needs to lift the death penalty moratorium that was unjustly imposed in Illinois nearly a decade ago. No Governor has the right to put themselves in front of the law of the land.
The death penalty should be a punishment available to prosecutors for the extreme and heinous crimes in society today. I support capital punishment, particularly for those criminals who would continue to impose a threat to society even while behind bars.
We have worked to put in place sufficient safeguards to prevent unfair prosecutions and innocent people from being put to death. That is why I am calling on Gov. Quinn to lift the moratorium, effective immediately.
Senator Bill Brady, Republican candidate for Governor, released the following statement today:
Gov. Quinn needs to lift the death penalty moratorium that was unjustly imposed in Illinois nearly a decade ago. No Governor has the right to put themselves in front of the law of the land.
The death penalty should be a punishment available to prosecutors for the extreme and heinous crimes in society today. I support capital punishment, particularly for those criminals who would continue to impose a threat to society even while behind bars.
We have worked to put in place sufficient safeguards to prevent unfair prosecutions and innocent people from being put to death. That is why I am calling on Gov. Quinn to lift the moratorium, effective immediately.
Monday, October 26, 2009
Governor Pat Quinn Appoints New Member to Key Commission
From the Office of Governor Pat Quinn
CHICAGO – October 26, 2009. Governor Pat Quinn today announced the appointment of John Colgan to the Illinois Commerce Commission. Colgan had been Vice President for Public Policy for the Illinois Association of Community Action Agencies (IACAA).
“John is a lifelong public servant, dedicated to fighting for the citizens of our state,” said Governor Quinn. “I know he will serve on the Commerce Commission with integrity and provide a strong voice for Illinois’ consumers.”
Colgan has more than thirty years experience in community organizing and administration, serving for 12 years as founding executive director of the Illinois Hunger Coalition, prior to accepting a position with IACAA in 2001. At IACAA, he worked tirelessly for affordable energy for Illinois’ low-income families. (background information)
In 2004, Colgan co-authored the Affordable Energy Plan, which was used as the basis for the creation and passage of the Illinois Percentage of Income Payment Plan (PIPP), which Governor Quinn signed into law on July 10 (Public Act 096-0033). The PIPP helps low-income families, seniors and other fixed-income households pay their utility bills by modernizing of the Low Income Home Energy Assistance Program (LIHEAP).
“I am honored to serve on the Illinois Commerce Commission on behalf of the people of Illinois,” said Colgan.
Colgan also helped negotiate rate relief contracts with Ameren and ComEd and implement them for the statewide Community Action network. The adjusted contracts to aid low-income families took effect in June 2007 and saved them more than $50 million over four years. Colgan will fill the vacancy left by Robert F. Lieberman.
The Illinois Commerce Commission’s acts as a bridge between consumers and Illinois’ utility companies, seeking an appropriate balance between the interests of consumers and service providers in order to ensure adequate, efficient, reliable, safe and least-cost public utility services for all citizens of Illinois.
CHICAGO – October 26, 2009. Governor Pat Quinn today announced the appointment of John Colgan to the Illinois Commerce Commission. Colgan had been Vice President for Public Policy for the Illinois Association of Community Action Agencies (IACAA).
“John is a lifelong public servant, dedicated to fighting for the citizens of our state,” said Governor Quinn. “I know he will serve on the Commerce Commission with integrity and provide a strong voice for Illinois’ consumers.”
Colgan has more than thirty years experience in community organizing and administration, serving for 12 years as founding executive director of the Illinois Hunger Coalition, prior to accepting a position with IACAA in 2001. At IACAA, he worked tirelessly for affordable energy for Illinois’ low-income families. (background information)
In 2004, Colgan co-authored the Affordable Energy Plan, which was used as the basis for the creation and passage of the Illinois Percentage of Income Payment Plan (PIPP), which Governor Quinn signed into law on July 10 (Public Act 096-0033). The PIPP helps low-income families, seniors and other fixed-income households pay their utility bills by modernizing of the Low Income Home Energy Assistance Program (LIHEAP).
“I am honored to serve on the Illinois Commerce Commission on behalf of the people of Illinois,” said Colgan.
Colgan also helped negotiate rate relief contracts with Ameren and ComEd and implement them for the statewide Community Action network. The adjusted contracts to aid low-income families took effect in June 2007 and saved them more than $50 million over four years. Colgan will fill the vacancy left by Robert F. Lieberman.
The Illinois Commerce Commission’s acts as a bridge between consumers and Illinois’ utility companies, seeking an appropriate balance between the interests of consumers and service providers in order to ensure adequate, efficient, reliable, safe and least-cost public utility services for all citizens of Illinois.
Monday, October 5, 2009
Governor Quinn Names Key Advisor to Lead Office of Management and Budget
From the Office of Governor Pat Quinn
CHICAGO – October 5, 2009. Governor Pat Quinn today named his Senior Advisor David Vaught as Director of the Governor’s Office of Management and Budget (GOMB). Vaught will succeed Ginger Ostro, who was named Senior Policy Advisor at the Illinois Student Assistance Commission (ISAC). These appointments are effective immediately.
“The people of Illinois will be well-served by these two experienced and hard-working public servants,” said Governor Pat Quinn. “David Vaught brings a wealth of accomplishments to his new position as Budget Chief. Also, I look forward to benefiting from Ginger Ostro’s expertise at ISAC and want to express my thanks for her fine work at GOMB.”
Vaught, an attorney and financial analyst, is Senior Advisor to Governor Quinn and Chairman of Illinois’ Procurement Policy Board. As Senior Advisor he has focused on advancing Governor’s Quinn’s legislative, fiscal and economic development efforts. Previously, Vaught worked for then-Illinois Treasurer Pat Quinn from 1991 to 1995 and served as an ISAC commissioner from 2005 to 2008. He has also been elected to two school boards and is a trustee of the Great Lakes Protection Fund.
Prior to his current state service, Vaught was Managing Director for Mitchell Vaught & Taylor, Inc. Investment Advisors. He is a graduate of the Southern Illinois University School of Law and the United States Military Academy at West Point. He also served in the U.S. Army’s 82nd Airborne Division as a field artillery officer.
“I look forward serving as Governor Quinn’s Budget Director,” said Vaught. “I am eager to take on Illinois’ unprecedented budgetary challenge and am confident that we can emerge a stronger and more resilient state.”
Ostro, who has held numerous positions in state government for nearly 20 years, was with GOMB for six years and in 2007 was named the agency’s director. She received a Bachelor's degree from the University of Chicago and a Master's degree in Public Policy from the John F. Kennedy School of Government at Harvard University.
As Senior Policy Advisor at ISAC, Ostro will focus on the agency’s strategic direction while also developing innovative ways to make college more affordable for students and their families.
"It has been an extraordinary and exhilarating six years with the Governor’s Office of Management and Budget, and a distinct honor to help Governor Quinn through the most challenging budget in state history,” said Ostro. “I look forward to continuing my service to the people of Illinois as Senior Policy Advisor at the Illinois Student Assistance Commission.”
CHICAGO – October 5, 2009. Governor Pat Quinn today named his Senior Advisor David Vaught as Director of the Governor’s Office of Management and Budget (GOMB). Vaught will succeed Ginger Ostro, who was named Senior Policy Advisor at the Illinois Student Assistance Commission (ISAC). These appointments are effective immediately.
“The people of Illinois will be well-served by these two experienced and hard-working public servants,” said Governor Pat Quinn. “David Vaught brings a wealth of accomplishments to his new position as Budget Chief. Also, I look forward to benefiting from Ginger Ostro’s expertise at ISAC and want to express my thanks for her fine work at GOMB.”
Vaught, an attorney and financial analyst, is Senior Advisor to Governor Quinn and Chairman of Illinois’ Procurement Policy Board. As Senior Advisor he has focused on advancing Governor’s Quinn’s legislative, fiscal and economic development efforts. Previously, Vaught worked for then-Illinois Treasurer Pat Quinn from 1991 to 1995 and served as an ISAC commissioner from 2005 to 2008. He has also been elected to two school boards and is a trustee of the Great Lakes Protection Fund.
Prior to his current state service, Vaught was Managing Director for Mitchell Vaught & Taylor, Inc. Investment Advisors. He is a graduate of the Southern Illinois University School of Law and the United States Military Academy at West Point. He also served in the U.S. Army’s 82nd Airborne Division as a field artillery officer.
“I look forward serving as Governor Quinn’s Budget Director,” said Vaught. “I am eager to take on Illinois’ unprecedented budgetary challenge and am confident that we can emerge a stronger and more resilient state.”
Ostro, who has held numerous positions in state government for nearly 20 years, was with GOMB for six years and in 2007 was named the agency’s director. She received a Bachelor's degree from the University of Chicago and a Master's degree in Public Policy from the John F. Kennedy School of Government at Harvard University.
As Senior Policy Advisor at ISAC, Ostro will focus on the agency’s strategic direction while also developing innovative ways to make college more affordable for students and their families.
"It has been an extraordinary and exhilarating six years with the Governor’s Office of Management and Budget, and a distinct honor to help Governor Quinn through the most challenging budget in state history,” said Ostro. “I look forward to continuing my service to the people of Illinois as Senior Policy Advisor at the Illinois Student Assistance Commission.”
Subscribe to:
Posts (Atom)