Sims celebrates state’s ninth credit rating upgrade
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SPRINGFIELD – For the ninth time in just over two years, Illinois has seen another improved bond rating. Fitch Ratings – one of the nation’s major credit rating agencies – announced upgrades Tuesday thanks to the fiscally-responsible decisions made by Illinois Democrats.
State Senator Elgie R. Sims, Jr. (D-Chicago) – who serves as the Senate’s Appropriations Leader and Chair of the Senate Appropriations Committee – released the following statement in response:
“When I look at the budgets we have passed in recent years, I see the work and years of fiscal responsibility paying off. We were able to pay down our bills and put money back in the pockets of the state’s hardworking families. Illinois is a stand-out state when it comes to putting the needs of our residents first – and we do so in a responsible, equitable way.
“The nine upgrades Illinois has seen in recent years shows our fiscally responsible budgeting approach is working and is independent proof that our state is headed in the right direction. Our future looks bright and I look forward to continued collaborative efforts with my colleagues to keep Illinois on this upward economic trajectory.”
Castro advances bill to give Cook County homeowners more time to file property assessment appeals
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SPRINGFIELD — State Senator Cristina Castro is spearheading a measure to establish a clearly defined and uniform number of appeal days so that all Cook County taxpayers can rely on sufficient time to file, define, argue and support their property assessment appeals.
“Tax-paying homeowners should be able to count on their local government for consistency and be able to voice their concerns when their property assessment goes up—as many are experiencing this year,” said Castro (D-Elgin). “This is an opportunity to stand up for Cook County homeowners, especially northwest suburban taxpayers who are seeing increases across the board, and make the property assessment appeals process more simple and flexible.”
Senate Bill 1988 requires the Cook County Assessor to continue accepting appeals from a taxpayer for at least 30 business days after the date the increased property assessment was mailed or published on the assessor’s website.
Turner introduces measure to hold funeral homes accountable
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SPRINGFIELD – In response to a Carlinville funeral home’s insufficient handling of human remains, State Senator Doris Turner introduced legislation that would put procedures and protocols in place to protect families who have lost a loved one.
“When we lose a loved one, we expect a funeral home to respect the remains of our friends and family,” said Turner (D-Springfield). “We are talking about a person who has loved ones and a story of their own. It is vital that we ensure no family has to receive the dreaded call that the remains they received belong to someone else. This has become a nationwide issue that needs to be addressed.”
Senate Bill 2643 would require the death care industry in the state as well as state regulators to implement a mandatory unique identification tagging system for all human remains. It also would establish a chain of custody system that tracks the human remains of a deceased individual whose death occurred in the state from death to final disposition, if the final disposition is in Illinois.
Read more: Turner introduces measure to hold funeral homes accountable
Sims passes measure to end predatory pawnbroker practices
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SPRINGFIELD – After months of negotiations, State Senator Elgie R. Sims, Jr. passed a measure to enhance oversight over the pawnbroker industry.
“Working with consumer advocates and other interested stakeholders, we passed a comprehensive plan to ensure transparency and ethical practices within the pawnbroker industry,” said Sims (D-Chicago). “The Predatory Loan Prevention Act stopped many forms of predatory lending in Illinois, and we are working to continue down that path.”
Sims’ measure creates the Pawnbrokers Regulation Act of 2023, regulating how a pawnbroker can operate and conduct its operations to ensure they are being fair, transparent, and equitable. It gives the Illinois Department of Financial and Professional Regulation authority to oversee and regulate the industry. Further, it establishes a complaint and penalty system, which could result in the termination or suspension of a pawnbroker’s license.
Read more: Sims passes measure to end predatory pawnbroker practices
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