State of Illinois sells $4.5 billion in bonds

CHICAGO, IL  — Today the State sold $4.5 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 the proceeds from the $1.5 billion Series 2017 ABC general obligation bonds that were sold competitively last week, will be used to help cut the State’s backlog approximately in half by June 2018.
The State received orders from more than 100 institutional investors.
“We are pleased by the investor support on such an important financing for the State,” said Kelly Hutchinson, director of capital markets for the State. The State locked in a combined cost of borrowing of 3.5 percent on the State’s $6 billion in general obligation bonds issued to reduce the State’s backlog. This is a significant reduction in the carrying cost of the State’s backlog obligation, a portion of which has been accruing late payment interest of 9 to 12 percent.
The $4.5 billion in general obligation bonds issued today were sold by a syndicate team led by Barclays Capital Inc., Citigroup Global Markets, J.P. Morgan Securities LLC, Loop Capital Markets, Siebert Cisneros Shank & Co., and Bank of America Merrill Lynch. The bonds mature from 2020 to 2028. 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.
Chapman and Cutler LLP and Charity & Associates are acting as co-bond counsel for the State. The State’s financial advisers for the transaction are PFM Financial Advisors LLC and Public Resources Advisory Group (PRAG).
The State will return to the capital markets later this year with a $750 million general obligation bond issue for 2018 capital projects. These bonds will be sold competitively.

Gov. Rauner: The people scored a victory on job creation

SPRINGFIELD, IL – Governor Bruce Rauner issued the following statement following General Assembly action on Senate Bill 1905:
“The people of Illinois scored a victory today. The House of Representatives rejected efforts to close a door to job opportunity here.
Instead, courageous House lawmakers stood together to dump the old playbook and move forward to make Illinois more competitive.
Local communities should be able to decide how best to compete for jobs and choose reforms that can make their economies stronger, help their businesses grow and give the freedom to individual workers to support a union at their own discretion.
It will help Illinois be better positioned to be competitive nationally and globally and create opportunity for all the people of our state.”

Change in the weather is coming…

This Afternoon
Sunny, with a high near 71. South wind around 14 mph, with gusts as high as 21 mph.
Tonight
Increasing clouds, with a low around 47. South wind 9 to 15 mph becoming west northwest after midnight. Winds could gust as high as 23 mph.
Friday
A 50 percent chance of showers. Mostly cloudy, with a high near 49. West northwest wind 9 to 13 mph, with gusts as high as 20 mph.
Friday Night
A 20 percent chance of showers before 1am. Mostly cloudy, with a low around 32. West wind 5 to 7 mph.
Saturday
Partly sunny, with a high near 48. West northwest wind 5 to 9 mph.
Saturday Night
Widespread frost, mainly after 4am. Otherwise, partly cloudy, with a low around 30. West northwest wind around 5 mph.
Sunday
Widespread frost, mainly before 9am. Otherwise, sunny, with a high near 51. West wind 3 to 7 mph.
Sunday Night
Patchy frost before midnight, then patchy frost after 1am. Otherwise, partly cloudy, with a low around 35. South southwest wind 3 to 7 mph.
Monday
Areas of frost before 8am. Otherwise, mostly sunny, with a high near 57. West wind 6 to 9 mph.
Monday Night
Mostly cloudy, with a low around 37. West northwest wind 5 to 7 mph.
Tuesday
Mostly sunny, with a high near 55. West northwest wind 5 to 8 mph.
Tuesday Night
A slight chance of showers. Mostly cloudy, with a low around 37. Light and variable wind.
Wednesday
Mostly sunny, with a high near 57. Light south southeast wind becoming south southwest 5 to 9 mph in the morning.

Bost Votes to Stem Fentanyl Flow into U.S.

Washington, D.C. – U.S. Representative Mike Bost (IL-12) today voted in favor of H.R. 2142, the International Narcotics Trafficking Emergency Response by Detecting Incoming Contraband with Technology (INTERDICT) Act, a bipartisan bill to combat the opioid epidemic.  The legislation provides the U.S. Customs and Border Protection (CBP) enhanced chemical screening devices and scientific support to detect and intercept fentanyl and other synthetic opioids. The bill passed the House 412 to 3 and now heads to the Senate for further consideration.

“Opioids kill more people in Illinois than homicides and car crashes and drugs like fentanyl are responsible,” said Bost. “Fighting the opioid epidemic is not simply about fighting addiction. It’s also about saving lives by keeping poison like fentanyl from getting into the United States and reaching our community. We have a lot of work still to do, but the bipartisan bill passed today is a step in the right direction.”

Specifically, the INTERDICT Act:

  • Ensures that CBP will have additional portable chemical screening devices available at ports of entry and mail and express consignment facilities, and additional fixed chemical screening devices available in CBP laboratories.
  • Provides CBP with sufficient resources, personnel, and facilities — including scientists available during all operational hours — to interpret screening test results from the field.
  • Authorizes — based on CBP guidance — the appropriation of $15 million for hundreds of new screening devices, laboratory equipment, facilities, and personnel for support during all operational hours.

Fentanyl is a deadly synthetic opioid that can be up to 50 times stronger than heroin and 100 times stronger than morphine. Although pharmaceutical fentanyl can be misused, most fentanyl deaths are linked to illicitly manufactured fentanyl and illicit versions of chemically similar compounds known as fentanyl analogs. According to the Illinois Department of Health, overdose deaths involving synthetic opioids, which include fentanyl, increased by 80% from 2013 to 2014.

The primary source of fentanyl is outside of the United States, in Mexico or China. The drug is smuggled across the U.S. border or delivered via mail or express consignment couriers. Fentanyl can also be ordered online. Due to its potency, fentanyl typically comes in small amounts, making it more difficult for authorities to detect.

Crash on northbound I-57 near Marion

by Steve Dunford

MARION, IL – Several media sources are reporting there has been a wreck involving three semis, near the 47 mile marker in Williamson County.

This is between the I-24 split and Marion.

Please avoid this area.  Further updates will be shared.

Bill banning bump stocks advances out of House committee

https://www.ilnews.org/news/state_politics/bill-banning-bump-stocks-advances-out-of-house-committee/article_0b507bc4-b90d-11e7-a054-2f3a9e275a7b.html

The House Judiciary-Criminal Committee hears testimony on legislation to ban bump stocks on October 24, 2017. The panel included, from left to right, Illinois State Rifle Association lobbyist Ed Sullivan, NRA lobbyist Todd Vandermyde, and state Rep. Marty Moylan, D-Des Plaines. (Greg Bishop – Illinos News Network)

SPRINGFIELD, IL –  (Greg Bishop, Illinois News Network.  Please click on the link above for the full story.  Here is an excerpt below.)

There are competing measures to ban bump stocks in Illinois. One, critics say, is too far reaching. The other is stuck in committee.

Democratic state Rep. Marty Moylan said his bill is in response to the Las Vegas shooter reportedly using bump stock devices to make his weapons fire as if they were fully automatic. Moylan responded to critics in committee Tuesday.

“This is not a knee-jerk reaction,” Moylan said. “This is what we do responsibly to protect our citizens. My measure is focused on modification devices.”

National Rifle Association lobbyist Todd Vandermyde said Moylan’s language would impact sports shooters.

FBI investigates Zeigler Commissioner for witness intimidation

http://www.wsiltv.com/story/36675636/fbi-investigates-zeigler-commissioner-for-witness-intimidation

ZEIGLER, IL (Andrew Feather, WSIL-TV.  Please click the link for the full story.  Here is an excerpt below.)

Zeigler’s city council meeting Thursday night came to a close, things got hectic.

Many the crowd converged on the council table and police were called in to restore order and usher people out of the room.

The council also reviewed an auditors report showing the full extent of former city Treasurer Ryan Thorpe’s alleged theft of more than $315,000 from the city.

But when things turned to Flood’s reported threatening and intimidating behavior towards other city employees, things started to get tense.

City attorney Rebecca Whittington said the FBI was back in Zeigler, investigating Flood, for potential witness intimidation due to his behavior towards some city employees.

Benton man arrested for making threats at Legence Bank employees

BENTON, IL – On 10/23/17 at approximately 8:00 a.m. the Benton Police Department responded to a 911 report of a male outside Legence Bank on West Main Street striking the windows with his hands while making threats toward the bank personnel inside.  Officers apprehended the suspect upon arrival.  The man, 63 year old Danny H. McCormick of Benton was charged with Aggravated Assault and Disorderly Conduct.  McCormick is currently incarcerated in the Franklin County Jail.

Warmer tomorrow, rain Friday with a cooler weekend

Fall means changing weather and that is what is headed our way. Sunshine Thursday will be replaced by showers on Friday with clearing conditions Saturday. Highs in the 60s and 70s on Thursday will cool by about 10 degrees for Friday, then hang around 50 on Saturday. (NWS-Paducah, KY)

Hazardous Weather Outlook

.DAY ONE…Today and Tonight

There will some scattered frost tonight.

.DAYS TWO THROUGH SEVEN…Thursday through Tuesday

Scattered frost will also be possible late Friday night into
Saturday morning.

In addition, we could encounter our first light freeze of the
season late Saturday night into early Sunday morning.

Seven Day Forecast

Today
Mostly sunny, with a high near 59. South southwest wind around 10 mph, with gusts as high as 18 mph.
Tonight
Clear, with a low around 38. Light and variable wind.
Thursday
Sunny, with a high near 68. Light east southeast wind becoming south 5 to 9 mph in the morning.
Thursday Night
Partly cloudy, with a low around 48. South southeast wind 6 to 9 mph becoming west southwest after midnight.
Friday
Showers likely, mainly after 1pm. Mostly cloudy, with a high near 52. West northwest wind around 8 mph. Chance of precipitation is 70%.
Friday Night
Showers likely before 1am. Mostly cloudy, with a low around 34. West northwest wind around 6 mph. Chance of precipitation is 60%.
Saturday
Patchy frost before 10am. Otherwise, partly sunny, with a high near 49. West wind 7 to 11 mph.
Saturday Night
Widespread frost, mainly after 4am. Otherwise, mostly cloudy, with a low around 31. West wind 6 to 8 mph.
Sunday
Widespread frost, mainly before 8am. Otherwise, mostly sunny, with a high near 50. West wind 6 to 10 mph.
Sunday Night
Widespread frost, mainly after 3am. Otherwise, partly cloudy, with a low around 32. West southwest wind around 7 mph.
Monday
Widespread frost. Otherwise, mostly sunny, with a high near 57. West southwest wind 7 to 11 mph.
Monday Night
Partly cloudy, with a low around 37. West southwest wind 6 to 9 mph.
Tuesday
Mostly sunny, with a high near 57. West northwest wind 6 to 8 mph.

Fire in Sen. Oberweis’ office clears Capitol ahead of fall session

http://www.chicagotribune.com/news/local/politics/ct-met-illinois-capitol-fire-oberweis-20171024-story.html

SPRINGFIELD, IL-  (Monique Garcia, Chicago Tribune.  Please click on the link for the full story.  Here is an excerpt below.

State lawmakers returning to the Capitol for the start of a veto session were briefly turned away after a small fire broke out in a Senate office Tuesday morning.

Springfield Fire Marshal Chris Richmond said his department was called around 11 a.m. after a steam heating unit caught fire in an office used by Sen. Jim Oberweis, a Republican from Sugar Grove.

Calling it a “quirky mechanical failure,” Richmond said damage was minimal and contained to the heating unit and surrounding woodwork.

After people were allowed back into the building, senators in nearby suites could be seen propping open doors in an attempt to air out their offices.

Benton, West Frankfort, Illinois News | Franklin County News