ss34s

Governor signs bill authorizing Rockford casino and funding for passenger rail to Chicago

Gov. JB Pritzker today conducted a news conference in Rockford to tout legislation he signed Friday in Springfield that includes a Rockford casino and $275 million for restoring passenger rail from Rockford to Chicago as part of a $45 billion statewide construction program.

Pritzker commended State Senator Steve Stadelman for his diligence in negotiating the inclusion of train service between Rockford and Chicago in the "Rebuild Illinois" initiative, the state's first comprehensive plan for infrastructure investment in a decade. The governor also recognized Stadelman, State Senator Dave Syverson and State Rep. Maurice West for their roles in making sure Rockford was part of the mix in expanding gaming to include sports betting and six new casinos. He said it was important to "beat Beloit" and other border-state competitors to keep the money Illinois consumers spend on entertainment in Illinois.

Under Rebuild Illinois, the state not only will fix crumbling roads and bridges but also fund long overdue improvements on college campuses, including Rock Valley College, and make good on a $14.7 pledge toward construction of the jet repair facility at Chicago-Rockford International Airport, Pritzker said. The airport commitment, made late in the Quinn administration, was stalled for four years under Bruce Rauner -- as was a similar 2014 passenger rail initiative in which Stadelman had been a key player.  

Since the last construction plan in 2009, ratings groups have increasingly been raising red flags about the state of Illinois’ infrastructure, including AAA, which recently gave Illinois’ transportation infrastructure a D grade.

Pritzker said Rebuild Illinois will produce 500,000 new jobs statewide. Rockford's casino is expected to bring 600 construction and 1,000 permanent jobs along with as much as $8 million annually in municipal tax revenue.

Rockford Register Star Editorial

   
     

Stadelman measure combatting student credit card debt signed into law 

Key stakeholders will seek solutions for skyrocketing credit card debt faced by college students under legislation signed into law by Gov. JB Pritzker. House Bill 1581, sponsored by State Senator Steve Stadelman, creates the College Student Credit Card Marketing and Debt Task Force.

The task force will include representatives from credit unions, banks and state universities and will study how credit cards are marketed to students, students’ payment history and several other related issues. The task force has until December 14, 2019 to submit its report to the Illinois General Assembly.

According to the U.S. Department of Education’s National Center for Education Statistics, 41 percent of students graduated with credit card debt averaging $3,000 in 2016.    

“Credit cards are needed in order to help young people build a credit score, but if misused can lead to a lifetime of debt,” Stadelman said. “Unfortunately, too many students are unaware of the interest rates they have signed up to pay.”

In case you missed me on Facebook ...

Steve Stadelman is with Thomas McNamara.

June 29 at 8:29 PM · 

Amazing turnout for Fred VanVleet's Welcome Home Party!

  

Image may contain: 3 people, people smiling, people sitting and shoes

228 LikesSteve Booth, Gwen Kahl Lashock and 226 others

4 Comments18 Shares

  • Kathy Dawson

Kathy Dawson This is awesome! Thanks Fred.

Hide or report this

  • Like
  • Reply
  • 1d
  • Michele Dobbs

Michele Dobbs Let’s continue to bring positive vibes and showcasing that dreams can come true as long as you do the work along with rising each other up!

Category: Latest

Please join State Senator Steve Stadelman at an upcoming Women's Health Fair Sunday, November 15 from 1 - 4 p.m., at the YMCA Log Lodge. For more information, see the flier below.

Stadelman womens fair1

Category: Latest

 homeowners combined5

Category: Latest

RockfordhearingRockford - State Senator Steve Stadelman (D-Rockford) hosted the Illinois Senate Commerce and Economic Development Committee to hear testimony about Senate Bill 1642, an extension of the River Edge Historic Tax Credit. The credit has been an important economic tool for the revitalization for downtown Rockford, and is equal to 25 percent of the rehabilitation costs for a business in a historic building.  Currently, the tax credit will expire on Jan. 1, 2017. Stadelman’s proposal would extend the deadline an additional 5 years, until Jan. 1, 2022.

In the Rockford area, rehabilitation projects like the Watch Factory and Ziock Building may be in jeopardy if the credit is not extended. Previously, a $12 million renovation on the Prairie Street Brewhouse created 110 construction jobs, and the business now contributes $341,419 annually in income tax revenue thanks to the River Edge Historic Tax Credit. Projects in other communities such as Aurora, Elgin, Peoria and East St. Louis may also be in jeopardy.

Numerous developers from the Rockford area, as well as representatives from the cities of Rockford, Elgin and Aurora all testified on the positive impact the tax credit has had on their communities.

Local developer, Gary Anderson, spoke about the importance of the credit to the Rockford area.

“It is critical to our economic revitalization. We’re seeing developers interested in areas where it never would have happened before. We need to have some of these tools in our toolbox to make this happen,” said Anderson.

The Senate will continue to debate Senate Bill 1642 and the rest of the state budget over the upcoming weeks.

Category: Latest

eNewsletter Signup

eNewsletter Signup
  1. First Name(*)
    Invalid Input
  2. Last Name(*)
    Invalid Input
  3. Your Email(*)
    Please let us know your email address.

Contact Info

Springfield Office:
Senator 34th District
121A Capitol Building
Springfield, IL 62706
(217) 782-8022
 
District Office:
200 S. Wyman St.
Rockford, IL 61101
(815) 987-7557
(815) 987-7529 FAX