State of Illinois sells $1.5 billion in bonds

Proceeds to help pay down bill backlog

CHICAGO, IL— Today the State sold $1.5 billion in general obligation bonds to pay down a portion of Illinois’ roughly $15 billion backlog of unpaid bills. Proceeds from today’s bond sale, together with funds from the planned sale of $4.5 billion Series 2017D general obligation bonds next week, will be used to help cut the State’s backlog approximately in half by June 2018.

The State has been accruing late payment interest of 9 percent to 12 percent on a portion of its backlog obligations. Today’s bond issue has an all-in borrowing cost of 3.5 percent, cutting those costs by more than half.

The $1.5 billion in general obligation bonds issued today were sold competitively in three separate bids, each with a par amount of $500 million. The Series 2017A bonds mature in 2018, the Series 2017B bonds mature in 2019 and the Series 2017C bonds mature in 2029. The bonds are being issued as fully tax-exempt and are rated “BBB” by Fitch Ratings, “Baa3” by Moody’s Investors Service, and “BBB-” by S&P Global. The three series received nine bids. The spread on the 2029 maturity was 165 basis points over AAA November Municipal Market Data (MMD).

  • $500 million of general obligation bonds, series of November 2017A were awarded to Bank of America Merrill Lynch with a true interest cost of 1.67 percent for the one-year maturity.
  • $500 million of general obligation bonds, series of November 2017B were awarded to J.P. Morgan Securities LLC with a true interest cost of 1.75 percent for the two-year maturity.
  • $500 million of general obligation bonds, Series of November 2017C were awarded to Bank of America Merrill Lynch with a true interest cost of 3.95 percent for the 12-year maturity.

Chapman and Cutler LLP and Burke, Burns LLP are acting as co-bond counsel for the State. Chapman and Cutler is the State’s disclosure counsel. The State’s financial advisers for the transaction are PFM Financial Advisors, LLC and Public Resources Advisory Group (PRAG).

“The state received strong bids today for its bonds and is pleased with the market’s favorable reception of the sale,” said Scott Harry, director of the Governor’s Office of Management and Budget. “This bodes well for the state’s financing coming next week.”

Following the completion of next week’s $4.5 billion bonds to complete the backlog refinancing, the State will return to the capital markets later this year with a $750 million general obligation bond issue for 2018 capital projects, which will also be sold competitively.

NBC Sports Chicago To Air IHSA Football Playoff Pairing Show This Saturday

 NBC Sports Chicago to carry LIVE announcement for every first round match-up on Saturday, October 21 beginning at 8:00 PM CT; to also be streamed live on NBCSportsChicago.com & via the NBC Sports app

Bloomington, IL/Chicago, IL (October 17, 2017) — The Illinois High School Association (IHSA) Football Playoff Pairing Show returns to NBC Sports Chicago for its seventh season in 2017. NBC Sports Chicago, the multi-platform home for the most games and the most comprehensive coverage of the Chicago Blackhawks, Bulls, Cubs and White Sox, will air the show live on NBC Sports Chicago+ on Saturday, October 21 from 8:00 PM to 10:00 PM CT. Viewers are urged to visit NBC Sports Chicago’s “Channel Finder” page ([NBCSportsChicago.com/channel-finder]NBCSportsChicago.com/channel-finder) for exact NBC Sports Chicago+ channel locations in their area.

The IHSA Football Playoff Pairing Show, which will reveal the brackets and first round match-ups of all 256 playoff qualifiers across eight classes, can also be viewed via live interactive stream atNBCSportsChicago.com/IHSAPairingShow and via the NBC Sports app.

“The IHSA Football Playoff Pairing Show’ continues to be one of the most highly-anticipated events in the state of Illinois and we couldn’t be prouder to once again showcase two-straight hours of live, interactive coverage across all platforms on Saturday night,” said Kevin Cross, Vice President of Content for NBC Sports Chicago.

NBC Sports Chicago anchor Leila Rahimi hosts the show and will be joined by a panel of experts on-set, including long-time IHSA TV announcer Dave Bernhard and Illinois high school football bracketologist Steve Soucie. IHSA TV veteran Camron Smith will breakdown each class with media members from around the state, including NBC Sports Chicago prep football expert “Edgy” Tim O’Halloran. Viewers are encouraged to interact with the show and ask questions to be answered during the program by utilizing the Twitter hashtag #IHSAbrackets.

The program will once again feature highlights, coaches interviews and media analysis from all over the state. In addition, NBC Sports Chicago will be gathering teams & fan reaction moments throughout the “Land of Lincoln” on Saturday from numerous school playoff pairing parties taking place that evening.

“This is one of the most anticipated nights of the year on the IHSA calendar,” said IHSA Executive Director Craig Anderson. “Student-athletes, coaches and communities around the state have put their hearts into the last nine weeks, and for 256 teams, it’s an amazing chance to celebrate their accomplishments, while looking ahead to the path to the IHSA Football State Finals. We appreciate the time and effort that our partners at NBC Sports Chicago put into making this night so special.”

The IHSA Football Playoff Pairing Show kicks off NBC Sports Chicago’s playoff coverage of IHSA Football, which culminates with all eight state title games being televised and streamed by NBC Sports Chicago on Thanksgiving weekend (Nov. 24-25), live from Huskie Stadium on the Northern Illinois University campus in DeKalb.

Armed Barbers host Studio RLC students

NA, Ill. Students of the Rend Lake College Cosmetology and Barber students visited the recently opened Armed Barbers, opened by RLC graduates Ray Minor and John David “Sweet.” The barber shop, south of Benton and West City, provides traditional barbering services including straight razor shaves. Minor and Sweet provided the students with lunch, gave a tour of the facility and answered student’s questions. (Reece Rutland- Rend Lake College photo)

Rend Lake College Board of Trustees — Oct. 17, 2017, Meeting Highlights

Board adopts 2017 tax levy

The board adopted the 2017 tax levy (payable 2018). The corporate and special purposes levy went from $3,379,083 in 2016 to $3,547,797 in 2017, an increase of 4.99 percent. The debt service levy went from $2,901,908 in 2016 to $3,117,676 in 2017, an increase of 7.44 percent. Because the corporate and special purposes levy is not greater than 105 percent of last year’s levy, no Truth in Taxation hearing is required.

RLC, SIUC ink articulation agreement for History

An articulation agreement between Rend Lake College and Southern Illinois University Carbondale was approved Tuesday. This agreement allows students to complete an Associate of Arts degree in History at RLC and transfer seamlessly to SIUC’s Bachelor of Arts in History program provided they have successfully completed the agreed-upon coursework.

Accreditation update

The board heard a report on the college’s reaffirmation of accreditation activities. The college is regionally accredited by the Higher Learning Commission and is due for an evaluation by the HLC in September 2018. The board learned that the Quality Initiative project, which in this case is RLC’s First-Year Experience orientation program, received a positive review from HLC. The Quality Initiative project is an important part of the overall accreditation effort.

In curriculum matters …

The board approved development of an online Supervision course and two hybrid courses, Creative Writing and Office Accounting; approved redevelopment of the Principles of Marketing course; approved withdrawal of the Photography I and II classes; approved changes to several Health Information Technology courses and two Medical Assistant courses; and approved changes to the Medical Assistant curricula. The board also authorized submission of these items to the Illinois Community College Board for action.

In other business, the board …

·         Heard a report from Dr. Elizabeth Bailey-Smith of the Academic Council covering the curriculum matters taken up by the board Tuesday and reporting on additional meetings and activities.

·         Approved revisions to board policy concerning the tenured / tenure-track faculty and staff seniority list (second reading), travel reimbursement (second reading), background checks for potential and current employees (first reading) and return to work certification (first reading).

·         Approved revisions to board policy concerning fees and the criteria for awarding credit.

·         Approved revisions to board policy and procedure concerning enrollment of international students (first reading).

·         Approved creation of board policy and procedure concerning media relations (first reading) and student employment (first reading).

·         Approved an unpaid leave of absence for an employee.

·         Ratified payment of college expenses including travel reimbursements.

Mark your calendars …

·         RLC Foundation Scholarship Dinner, 6 p.m. Thursday, Oct. 19, Benton Civic Center.

·         Criminal Justice Roundup for Scholarships, 6 p.m. Monday, Oct. 23, Mt. Vernon Event Center, Salon C (formerly the Holiday Inn).

·         Southeast Region Trustees Meeting, 6:30 p.m. Thursday, Oct. 26, Pat Kern Private Dining Area.

·         RLC Halloween Party, 7 p.m. Thursday, Oct. 26, The Rec.

·         Fall Play: Sleeping Beauty of Loreland, 7 p.m. Thursday-Saturday, Nov. 2-4, and 2 p.m. Sunday, Nov. 5, RLC Theatre. Tickets $12.

·         Fall Concert, 7 p.m. Thursday, Nov. 9, RLC Theatre.

·         Spoken Word / Open Mic Night, 6:30 p.m. Monday, Nov. 13, King City Books, Mt. Vernon.

·         RLC Foundation Annual Dinner Meeting, 5:30 p.m. Thursday, Dec. 7, Holiday Inn / DoubleTree Inn, Mt. Vernon.

·         RLC Faculty / Staff Holiday Luncheon, Friday, Dec. 8, Waugh Gymnasium.

From Chad Copple – Dean of Communications and Marketing – Rend Lake College 

Warming trend throughout the week…..

……Showers and thunderstorms Saturday Night into Sunday

The warming trend will really start to kick in during the middle to latter portion of this work week. Today’s temperatures will return us to near our mid October seasonal norms, with Highs in the lower half of the 70s, and lows in the upper half of the 40s. Thursday highs rise further still, approaching 80 in some locations, with all of us averaging about 5 to 10 degrees above the seasonal norm. (NWS Paducah)

Hazardous Weather Outlook

.DAY ONE…Today and Tonight

Patchy early morning fog is possible. Relative humidity will drop
through the 30s percentile this afternoon for the entire Quad
State, with minimum relative humidity lowest values near 30
percent in the southeast Missouri Ozarks.

.DAYS TWO THROUGH SEVEN…Thursday through Tuesday

Saturday night into Sunday offers the next best chance of
thunderstorms, with locally heavy rain and lightning the primary
storm hazards anticipated.

Seven Day Forecast

Today
Sunny, with a high near 73. Calm wind becoming south southwest 5 to 9 mph in the morning.
Tonight
Clear, with a low around 48. South wind around 6 mph.
Thursday
Sunny, with a high near 78. South southwest wind 5 to 7 mph.
Thursday Night
Clear, with a low around 48. South wind 3 to 5 mph.
Friday
Sunny, with a high near 80. Light south wind increasing to 5 to 10 mph in the morning.
Friday Night
Partly cloudy, with a low around 55. South southeast wind 5 to 7 mph.
Saturday
Partly sunny, with a high near 79. South wind 6 to 13 mph, with gusts as high as 18 mph.
Saturday Night
Showers and thunderstorms likely after 1am. Mostly cloudy, with a low around 59. South wind around 8 mph.
Sunday
Showers and possibly a thunderstorm before 1pm, then showers likely. Cloudy, with a high near 69. South wind around 9 mph.
Sunday Night
Showers likely, mainly after 1am. Mostly cloudy, with a low around 54. West southwest wind around 6 mph becoming calm in the evening.
Monday
A chance of showers. Partly sunny, with a high near 70. Light and variable wind becoming northeast around 6 mph in the morning.
Monday Night
A slight chance of showers. Partly cloudy, with a low around 50. Northwest wind 5 to 7 mph.
Tuesday
Sunny, with a high near 64. Northwest wind 7 to 15 mph, with gusts as high as 24 mph.

West Frankfort man arrested on residential burglary ….other charges


BENTON, IL – On October 17th, at 4:30 a.m. Franklin County Deputies responded to a reported break-in at a rural Benton  residence. The reporting party stated that he was awakened by a noise inside his residence that he quickly determined to be an intruder.

The caller stated the intruder left the interior of the residence into the attached garage, entered the home owner’s 2010 Chevrolet Pick-Up truck and drove it through the garage  door leaving the scene.

Deputies located the stolen truck in a ditch approximately a mile from the residence with the perpetrator still on scene, suffering minor injuries from the crash. The investigation determined that the suspect had crashed a vehicle he had been driving near the residence that had been burglarized.

The suspect then broke into the closest residence and stole the truck. The suspect was initially transported to a local hospital where he was treated and released. He was then transported to the Franklin County Jail.

Jacob M. Gaskin age 21 of West Frankfort is charged with residential burglary, theft over $10,000.00, felony criminal damage to property, possession of a stolen vehicle and driving under the influence of alcohol and drugs. Bond has been set at $75,000.00.

Gaskin is presumed innocent until found guilty by a court of law.

From the Franklin County Sheriff’s office 

 

It’s FAFSA time! Tips and warnings when applying for college aid

http://www.bnd.com/news/local/article179330336.html

BELLEVILLE, IL (Elizabeth Donald, Belleville News Democrat.  Please click on the link above for the full story Here is an excerpt below)

’s time for the FAFSA, that rite of college that has become a familiar trial for students and parents wrangling with the cost of higher eduction – and now it starts earlier.

So here’s what you need to know about the Free Application for Federal Student Aid, including the biggest mistakes you can make that can cost you thousands in financial aid, according to Experian and CollegeXpress:

It comes earlier in the year. In the past, FAFSAs were accepted beginning Jan. 1. Last year it was moved to Oct. 1, but some families are still holding off until January. Big mistake, according to Experian: some financial aid is awarded on a first-come, first-serve basis, including the Illinois MAP grant. Assistance in 13 states is awarded in order of application, according to CNBC. In years past, Illinois MAP funds have run out three months or less after FAFSA applications were opened, so it pays to be first in line. There are multiple deadlines as well: the college deadline, state and federal deadlines

Pritzker makes list of richest Americans; Gov. Rauner doesn’t

http://www.sj-r.com/news/20171017/pritzker-makes-list-of-richest-americans-gov-rauner-doesnt

SPRINGFIELD, IL – (Doug Finke, Springfield Journal Register. Please click on the link for the full story. Here is an exceprt below.)

Only one of the candidates running for Illinois governor is on the annual Forbes ranking of the 400 richest Americans.

Hint: It isn’t Bruce Rauner.

That distinction belongs to Democrat J.B. Pritzker, whose wealth was pegged at $3.4 billion. Pritzker ranks 219th on the list of richest Americans. He’s one of four Pritzkers who appear on the list.

Redbird QB Connor Eaton ….Devils RB Eli Gunter for WSIL/Banterra Player of the Week

http://www.wsiltv.com/story/33771417/banterra-player-of-the-week#WNPoll156998

Click on the link to vote above.  Previous winners from Franklin County are RB Madison Allen of West Frankfort, FB Peyton Rock of SVWW, and QB Hamilton Page of Benton.

BCHS Senior Spotlight: Neal Carlton

Today’s Rangers Football Senior Spotlight is on wide receiver and safety, # 7 Neal Carlton. Neal is the son of Alan and Rhonda Carlton. Neal has played football for 4 years.

In addition to football, Neal can be found hunting and fishing year round. Neal plans to attend college after high school graduation. He says he would like to thank his mom and dad for everything they have done through the years to help him with his football career.

Benton, West Frankfort, Illinois News | Franklin County News