Dan Rutherford

Revenue Short of Goal
6:29 pm
Mon July 8, 2013

Jury Out on Impact of Cigarette Tax Hike

Credit EUobserver.com

A little more than a year ago, Illinois nearly doubled its cigarette tax to $1.98. The goal was to raise $350 million to help support the Medicaid system, but that mark hasn’t been reached.

Read more
Downgrade by Moody’s
5:53 pm
Fri December 14, 2012

Illinois Given Negative Credit Rating

Credit Rich Egger

Moody's Investors Services downgraded the credit outlook for the state of Illinois from stable to negative. The service cited the "severe pension funding shortfall."

Illinois Treasurer Dan Rutherford said Illinois has the worst credit rating of any state in the US.

“If this doesn't get fixed, then I would hope that those out there that look for services of their Illinois government, to understand that there will be absolutely no ability to increase or even perhaps sustain their funding level," Rutherford said. 

Read more
Bill Knight – December 13
12:14 pm
Wed December 12, 2012

Congressman Aaron Schock and Political Centrism

Bill Knight

Congressman Aaron Schock shouldn’t have it both ways. The two-term Republican from Illinois’ 18th District has been mentioned as a possible GOP candidate for governor in 2014, and after last month’s election losses, the 31 year old has been quoted as saying his party should move toward the middle of the road.

Although Schock was easily re-elected, his opponent was neither well-funded nor strong, and within Schock’s district, 8 of 10 counties between Peoria and the Quad Cities voted for President Obama.

Read more
Pension Mess Blamed
6:30 pm
Wed August 29, 2012

Illinois Bond Rating Takes a Hit

Rich Egger

Standard & Poor's downgraded Illinois' credit rating Wednesday, citing concerns over the state's inability to address its massively underfunded employee pension plans.

The action was taken less than two weeks after a special session in which Illinois lawmakers failed to reach an agreement on changing the state pension systems. Illinois still ranks 49th among the states, better only than California.

Read more
Offers online resource
4:07 pm
Thu July 12, 2012

State Treasurer Wants to Return Unclaimed Property

Illinois State Treasurer Dan Rutherford

Illinois' state treasurer is holding more than $1.5 billion in unclaimed property. Treasurer Dan Rutherford says his office is “aggressively” trying to find the owners.

He says, “Each week we add new inventory to the searchable database. And I strongly encourage people to look for both their name, a family member's name.”

Read more

Pages