Wednesday, December 19, 2007

Lipinski lists funds secured for district

Lipinski Secures Millions of Federal Dollars for Local Communities
FY2008 Appropriations Bill Passes Congress

[Washington D.C.] – Congressman Dan Lipinski (D-IL) announced that with the passage of the FY 2008 Omnibus Appropriations bill today, he has secured millions of dollars that will aid Third District residents.

"These federal funds will help our communities by easing traffic congestion, expanding mass transit, cleaning up the local environment, increasing care for abused children, housing homeless veterans, providing communications equipment for area first responders, protecting food safety, helping local communities improve water infrastructure, and developing environmentally friendly transportation,” said Congressman Lipinski. "These are the issues that affect people every day, and I am proud to be bringing back the funding that will improve the daily lives of Third District residents.”

In addition, thanks to Congressman Lipinski’s efforts, the legislation also includes more than $20 million for the Capital Grants Rail Line Relocation and Improvement Program, a federal grants program that could help create quiet zones, build underpasses, improve safety, and aid economic development in local communities with rail lines.

The FY2008 Omnibus Appropriations bill includes funding for the following projects requested by Rep. Lipinski:

$400,000 for a parking garage in Berwyn that would serve area communities as well as provide economic development and traffic mitigation in the area.
$500,000 for extension of the Chicago Transit Authority's Orange Line from its current terminus at Midway Airport to Ford City Mall. The extension would feature a new station with intermodal connections to nearby neighborhoods and southwest suburban communities.
$250,000 for the construction of a community center at Saint Richard Parish serving the Archer Heights Community. This center will be used by the parish, the local community, and organizations such as the Girl Scouts and Boy Scouts.
$238,000 for the Cook County Environmental Infrastructure Fund, to aid in improving local water and sewer systems and community environmental infrastructure needs.
$500,000 for a feasibility study of the South Fork of the South Branch of the Chicago River, also known as Bubbly Creek, to address problems of odor and water quality issues.
$100,000 for a study to determine alternatives to using the Lucas-Berg Confined Dredged Facility as a disposal site for dredged material from the Calumet-Sag Channel Modification and Illinois Waterway.
$1,000,000 for fuel research and development at Northern Illinois University. Working in partnership with Argonne National Laboratory, Northern Illinois University will continue a joint research program to develop a viable fuel cell vehicle that will provide environmentally-friendly transportation.
$2,228,000 for the National Center for Food Safety & Technology, run by the Illinois Institute of Technology, to continue conducting food safety, security and prevention technology research. With recent events having raised awareness of the importance of food safety, this funding will facilitate research that will help ensure that Americans have a safe food supply.
$316,000 for Advocate Health Care’s Childhood Trauma Treatment Program for specialized and comprehensive psychotherapy and support for abused and neglected children and their families.
$243,000 for Northern Illinois University’s College of Engineering and Engineering Technology for a center developing new technologies and working on interdisciplinary projects ranging from homeland security to noise cancellation.
$487,000 for Catholic Charities for a proposed St. Leo’s Residence to provide all aspects of rehabilitation to homeless veterans with the goal of them self sufficient.
$2,256,000 for Cook County to spend on Interoperable Safety and Emergency Communications Radios to allow local villages and municipalities to communicate in the event of a biological, chemical or terrorist attack and would assist thousands of first responders in the Cook County region.

The funding bill has been approved by both the House of Representatives and the Senate and is expected to be signed into law this week.

###

Tuesday, December 18, 2007

State Treasurer Alexi Giannoulias on radio show Wed Dec. 19

State Treasurer Alexi Giannoulias will guest on Ray Hanania's radio show, Radio Chicagoland, Wednesday Dec. 19, 2007.

Visit www.RadioChicagoland.com for details

Giannoulias: Drive Clean, Save Green

Hybrid buyers eligible for $1,000 rebates
July 15, 2007

To combat rising gas prices, Illinois State Treasurer Alexi Giannoulias today unveiled a new statewide rebate program designed to make fuel-efficient hybrid vehicles more affordable.
Under the “Green Rewards” program, the Treasurer’s Office will partner with banks and credit unions throughout the state to issue $1,000 rebates to Illinois residents who purchase a hybrid or other energy-efficient automobile.

“Hybrid cars use less gas, but they cost more upfront,” Giannoulias said during a press conference at Grant Park. “Green Rewards entices Illinois residents to buy fuel-efficient, clean-burning vehicles by offering $1,000 rebates. This will help them recoup their investment faster while they save money at the pump.”

Green Rewards is the first incentive program to encourage hybrid purchases in Illinois. The program offers the largest state rebate for hybrids in the nation.

Giannoulias is pledging $2 million in Green Rewards during a statewide tour in his personal hybrid vehicle. The Treasurer’s Office will fund the program by depositing money at local banks and credit unions at a below-market interest rate. The money that those institutions save in interest is passed to consumers in the form of $1,000 rebates at the time of purchase.

To take advantage of the program, buyers must secure a car loan from a participating bank or credit union for a new hybrid vehicle or an eligible electric or fuel cell vehicle. Purchasers can receive one rebate per vehicle, allowing municipalities or other entities to receive additional cash back when acquiring fuel-efficient fleets.

Mayor Richard M. Daley endorsed Green Rewards, saying it complements Chicago’s commitment to protecting the environment.

“This is a great program that will encourage people to purchase hybrid vehicles which conserve fuel, save money and protect our environment by reducing harmful emissions,” Daley said. “In Chicago we are leading by example by purchasing City vehicles and buses that are hybrids or run on alternative fuels. Purchasing these types of vehicles will go a long way to help conserve and protect our valuable natural resources and our quality of life for future generations.”

Current hybrid cars can get up to 60 miles to the gallon on the highway and produce up to 80 percent less harmful pollutants and greenhouse gases than comparable gasoline cars. But they cost $1,200 to $10,000 more than their fossil fuel counterparts.

Studies show that the Ford Escape, Honda Civic, Toyota Camry and Toyota Prius all recover their price premium through fuel efficiencies after the first five years or 75,000 miles of ownership.

Fourth of July gas prices were 89 cents higher this year than two years ago. As of Friday, the price of regular unleaded gasoline in Illinois was $3.30, 25 cents more than the national average. If gas prices remain at this rate, average hybrid drivers could save $5,000 in gas by the time they drive 120,000 miles.

“For every dollar that is spent on the program, drivers will save $5 on fuel over the life of their vehicle,” Giannoulias said. “That’s a deal government should make every day of the week.”
Jack Darin, Director of the Sierra Club’s Illinois Chapter, supports the Drive Clean, Save Green campaign.

“The cars we drive in Illinois account for 26 percent of the global warming pollution we put into the atmosphere,” Darin said. “By rewarding car buyers who choose a hybrid over a gas guzzler, Treasurer Giannoulias' Green Rewards program will help more Illinois drivers get into a car that is part of the solution to global warming, while saving money at the gas pump.”

Giannoulias has ordered two hybrid vehicles to replace a pair of gas-only vehicles and will replace others with fuel-efficient models when their leases expire.

Hybrid and other fuel-efficient vehicles reduce harmful environmental triggers that contribute to asthma, said Harold Wimmer, President and CEO of the American Lung Association of Illinois-Greater Chicago. In 2003, approximately 20 million Americans had this chronic lung condition, which accounted for an estimated 12.8 million lost school days in children and 24.5 million lost work days in adults.

“I applaud the Treasurer’s Office for encouraging Illinois residents to proactively reduce their exposure to harmful environmental triggers that contribute to asthma, such as gasoline exhaust,” Wimmer said. “Hybrids are a clean air choice that will help to prevent lung disease and promote the lung health of all Americans.”

Illinois State Rep. John Fritchey believes Green Rewards will pay off for Illinois residents who want to save money and reduce global warming.

“This is a great example of what can be accomplished through innovative ideas and proactive leadership,” Fritchey said. “The Treasurer’s investment will result in financial dividends for people wanting to drive energy-efficient vehicles, and environmental dividends for all Illinoisans now and into the future.”

Green Rewards also received an endorsement from Howard Learner, Executive Director of the Environmental Law & Policy Center.

“Hybrid cars produce much less pollution and can save car buyers money over time because of high gas costs,” Learner said. “The State Treasurer's program provides a helpful incentive for purchases of these cleaner cars that help solve our global warming problems through technological innovation.”

Green Rewards is one of the State Treasurer’s Cultivate Illinois Agricultural and Environmental programs.

For more information contact:

(312) 814-1901 or (217) 557-6436 or cultivateillinois@treasurer.state.il.us.


State Treasurer overhauls 'Bright Start' $2.1 billion college savings program to become one of the most affordable in the nation;
New program manager commits millions
in scholarships to Illinois students

March 12, 2007

State Treasurer Alexi Giannoulias today named a new administrator for the state’s tax-exempt college savings program so Illinois families can earn more money to send their children to college.

The new program manager, Oppenheimer Funds, Inc., will significantly reduce the costs of Bright Start, making it among the lowest-cost programs in the nation, and will offer better investment options to gain a higher rate of return. In addition, Giannoulias negotiated $3.5 million in scholarship money that Oppenheimer will earmark for Illinois students planning to attend college.

Bright Start has come under criticism for its underperforming funds and high structural costs. Savingforcollege.com, an independent authority that analyzes college savings programs, recently ranked Illinois’ Bright Start program 47th out of 48 plans nationwide. Giannoulias is confident this overhaul will turn Bright Start into one of the best college savings plans in the nation.

“Stronger performing funds, increased investment options and lower fees will make Bright Start a vastly improved program for current participants and much more attractive to prospective investors,” Giannoulias said. “With costs of college skyrocketing, Oppenheimer will give Illinois families the biggest bang for their buck.”

Bright Start’s former program manager, Legg Mason, will complete its transfer of accounts to Oppenheimer within the next few months.
Scholarships

As part of its seven-year contract, Oppenheimer will allocate $3.5 million in scholarship money to college-bound students. The Treasurer’s Office is developing a selection process and criteria to award the $500,000 in annual scholarships to Illinois students from low- and middle-income families from every region of the state.

“The $3.5 million devoted to scholarships demonstrates the state’s and Oppenheimer’s commitment to support students who do the right thing, work hard and understand the importance of going to college, but require some extra financial help,” Giannoulias said.

Better Performing Funds

As one of the nation’s largest and most experienced money managers, Oppenheimer will offer Illinois residents an impressive portfolio lineup, which will include popular, strong-performing Oppenheimer and Vanguard funds. All of the underlying funds Oppenheimer will employ in Bright Start are currently ranked in the top quartile by Morningstar, Inc. and Lipper. Both Oppenheimer and Vanguard equity portfolios have outperformed the existing Bright Start portfolio during the past three years.

Along with its actively managed funds, Bright Start will offer a portfolio of index funds for the first time. Index funds seek to match the performance of specific stock and bond market indexes, such as the Standard & Poor's 500 Index. Index funds generally have lower fees than actively managed funds, which rely upon managers to buy stocks in an effort to outperform the market as a whole.

“Our Vanguard Index funds are safe investments that take the guess work out of investing at a much lower cost than actively managed mutual funds,” Giannoulias said.
Investors will have the option of choosing from different investments that provide exposure to three equity options – an S&P 500 index fund, a small-cap index fund, and an international index fund.

Current investors will have their assets transferred from existing mutual funds to similar actively-managed funds managed by Oppenheimer. The asset allocation and the percentage of the investments in stocks, bonds, international investments, etc., will remain the same. The Treasurer’s Office will notify all Bright Start account holders about the changes to the program and will provide information on how to transfer assets to index funds.

Costs and Fees

Giannoulias also announced significant reductions in the costs of Bright Start, which will make it one of the most affordable college savings plans in the nation.

“There is no reason why a college saving program with in $2 billion in assets should have such high fees,” said Giannoulias, referring to the old plan that required participants to pay a .99 percent annual fee.

Under the new plan, costs will vary from .19 percent to .21 for index funds and .53 percent to .64 percent for actively managed funds.

“High expenses can siphon off returns and limit financial gains that ultimately eat away at money that would have gone toward tuition,” said Giannoulias, noting that Morningstar criticized Bright Start’s high fees, saying they took up a “sizable portion” of fixed income returns.

Under the new contract, the typical Bright Start investor will save approximately $5,000 to $10,000 in fees. These figures are based on a family that contributes $3,000 per year for 18 years and earns an industry-average 8 percent return. Investors who choose Vanguard funds will save the most because the fixed index funds have a much lower expense ratio.

The Treasurer’s Office also negotiated break points in the new contract, which call for Oppenheimer to reduce Bright Start’s fees as investor’s assets increase. This will ultimately reduce the overall costs for individual participants.

Tax penalty

In addition to naming a new program manager, Giannoulias is seeking to pass legislation that will eliminate the tax penalty imposed on Illinois residents who invest in out-of-state 529 programs.

Illinois is one of two states that impose a 3 percent state tax on the earnings residents receive from 529 plans administered in other states, and residents must pay income tax on contributions to out-of-state plans.

“We should not punish Illinois residents because they want to get the most for their money,” Giannoulias said. “Illinois’ savings plan should attract investors based on its own merits and because it’s the best in the country, not because investors will get penalized if they go elsewhere.”

Giannoulias’ bill (HB 376), sponsored by State Rep. Jack Franks (D-Woodstock) and State Sen. James Clayborne (D-East St. Louis), to remove the penalties has won unanimous approval in the Illinois House and now awaits a vote in the Illinois Senate.

Nearly every state runs a college savings program, called a 529 plan after the section of the IRS code, which offers tax advantages to investors who use the money to cover the costs of higher education. Earnings on 529 plan investments are exempt from state and federal income taxes.

Bright Start, which was created in 2000, boasts more than $2.1 billion in assets and has more than 142,000 separate accounts.

Sunday, December 16, 2007

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Saturday, December 15, 2007

Lipinski denounces illegal Japanese whaling

Lipinski Denounces Illegal Japanese Whaling

Calls on President to Condemn Japan’s Actions and Seek End to All Future Hunts

[Washington, D.C.] Today, Rep. Dan Lipinski (IL-3) sent a letter to President Bush requesting his public condemnation of Japan for disregarding an international ban and allowing the killing of over 1,000 whales, many of them endangered. The letter, signed by 76 Members of the House of Representatives, also calls for an end to all future hunts and expresses support for trade restrictions on Japan that would help conserve whales.

“I am deeply troubled by Japan’s complete disregard of an international ban on whale hunts that has protected whales since the 1940’s,” stated Lipinski. “The Bush Administration should take a firm stance against Japan’s actions by pursuing appropriate diplomatic, economic, and trade measures to ensure that international protections for whales are not undermined, but strengthened. We must continue to protect these fragile creatures that are being threatened by human activity.”

On November 19, a fleet of Japanese whalers set sail from the port of Shimonoseki with plans to kill over 1,000 whales, including the Minke Whale and the endangered Humpback and Fin Whales. Although an international moratorium against commercial whaling has been in effect since 1986, Japan has circumvented this international treaty, killing nearly 11,000 whales for commercial purposes under the guise of “scientific research.”

“My very first venture into political activism occurred when I was 9 years old and I collected signatures on a petition to the Japanese government protesting the killing of dolphins by tuna fishers,” stated Lipinski. “Now, over 30 years later, I continue to work to protect our environment and its inhabitants because it is critically important that we conserve the planet for future generations.”

In addition to this effort, Rep. Lipinski has been committed to animal welfare issues in the 110th Congress, including efforts to strengthen prohibitions against animal fighting and the use of dog and cat fur products. As a member of the Congressional Wildlife Refuge Caucus, he is a cosponsor of legislation to protect rare cats and dogs, to prohibit aerial hunting of wildlife, to restore healthy populations of salmon and steelhead in the Pacific Northwest, and to permanently protect the Arctic coastal plain of the Arctic National Wildlife Refuge, while also supporting efforts to prevent the importation of polar bear trophies.

###

Chris Lyons | Legislative Assistant

Office of Representative Dan Lipinski (IL-3)
1717 Longworth House Office Building
| Washington, DC 20515
( 202.225.5701 (main) | 202.225.1012 (fax)

Governor challenges Madigan's cancellation of session

Sadly, it’s not surprising that Speaker Madigan would, at the last minute, cancel a scheduled session to consider a plan to fund the CTA. That unfortunately has been more the rule than the exception over the last three months. The Governor has taken unilateral action twice to prevent a CTA doomsday. We agree with Mayor Daley, the CTA, the RTA and the transit unions that the legislature needs to pass a plan that properly funds mass transit before the end of the year. That’s why we are continuing to work with the Senate President and the two Republican legislative leaders on a comprehensive plan to fund mass transit in the Chicago area and transportation needs across the whole state, with the intention of calling the legislature back into session next week to take action.

Abby Ottenhoff

Director of Communications
Office of Gov. Rod Blagojevich

Thursday, December 13, 2007

Mayor Bennett statement on Bush veto of Schip bill

For Immediate Release: December 12, 2006

Contact: Alex Behrend, 708-907-5063

Statement of Mayor Jerry Bennett (Candidate for Congress, IL-3) re Bush Veto of SCHIP Bill

"As a small business owner and Mayor, I have always made sure my employees and those working for the City of Palos Hills have quality, affordable health care because it is devastating to be without coverage.

George W. Bush’s veto of health insurance for children is outrageous and an all-too-familiar example of why we need experienced leaders in Congress who can be effective on key issues such as comprehensive health care – especially for the youngest and most vulnerable in America."

- END -

Wednesday, December 5, 2007

Jerald Bennett receives endorsements of neighboring mayors

Palos Hills Mayor Gerald Bennett received endorsements from the following mayors this week ... Bennett, it should be noted, is the Chairman of the Chicago Metropolitan Agency for Planning, which is a part of the Southwest Conference of Mayors.

Mayors for Bennett List

Larry Hartwig, Addison
Patrick Kitching, Alsip
Arlene Mulder, Arlington Heights
Catherine Melchert, Bartlett
Jeffrey Schielke, Batavia
Donald Peloquin, Blue Island
Roger Claar, Bolingbrook
Donald Maue, Breese
Henry Vicenik, Broadview
Elliot Hartstein, Buffalo Grove
Brad Cole, Carbondale
Joe Cook, Channahon
Thomas Gray, Chatham
Stan Schaeffer, Collinsville
Dwight Welch, Country Club Hills
Aaron Shepley, Crystal Lake
Scott Eisenhauer, Danville
Gary Niebur, Edwardsville
Ed Schock, Elgin
Tom Marcucci, Elmhurst
James Sexton, Evergreen Park
Robert, Walter, Fairbury
Gail Mitchell, Fairview Heights
Saul Beck, Ford Heights
Anthony Calderone, Forest Park
Rodney Craig, Hanover Park
Keith Hunt, Hawthorn Woods
Victor Ritter, Herrin
Don Roberton, Hometown
John Piazza, Lemont
Bill Muller, Lombard
Darryl Lindberg, Loves Park
Tom Murawski, Midlothian
Timothy O'Donnell, Monee
Marilyn Michelini, Montgomery
George Pradel, Naperville
Nicholas B Blaze, Niles
Chris Koos, Normal
Gary Graham, O'Fallon
Daniel Lightner, Oreana
Eugene Marks, Northbrook
Linzey Jones, Olympia Fields
Kyle Hastings, Orland Hills
Dan McLaughlin, Orland Park
Rita Mullins, Palatine
Robert Straz, Palos Heights
John Mahoney, Palos Park
James L Ardis, Peoria
John Spring, Quincy
Richard Reinbold, Richton Park
Zenovia Evans, Riverdale
Irene Brodie, Robbins
Lawrence Morrissey, Rockford
Dale Adams, Rockton
Gayle Smolinski, Roselle
Leonard Ferguson, Salem
B.J Hackler, Saint Joseph
Al Larson, Schaumburg
George Van Dusen, Skokie
David Owen, South Chicago Heights
Timothy Davin, Springfield
Louis Sherman, Steger
Edward Zabrocki, Tinley Park
Sal Saccomanno, Waucunda
Gary Pretzer, Willowbrook
Alan Nowaczyk, Willow Springs

END
Bill Murphy, Woodridge