Civic News & Info
Governor Quinn Takes Bill Action Wednesday, August 1, 2012 PDF Print E-mail
News Releases - Civic News & Info
Written by Nafia Khan   
Monday, 06 August 2012 07:37

CHICAGO – August 1, 2012. Governor Pat Quinn today took action on the following bill:

 

Bill No.: HB 3923

An Act Concerning: Government

Removes the Open Meetings Act exemption for any meeting discussing the Illinois Prepaid Tuition Trust Fund.

Action: Signed

Effective Date: Immediately

 

 

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College Savings Iowa Announces New Lower Fees for Participants PDF Print E-mail
News Releases - Civic News & Info
Written by Karen Austin   
Wednesday, 01 August 2012 08:55

DES MOINES, IA (08/01/2012)(readMedia)-- State Treasurer Michael Fitzgerald announced today that the College Savings Iowa 529 Plan has reduced its fees by over 20%. "This marks the fourth time in five years that College Savings Iowa has been able to reduce its fees," said Treasurer Fitzgerald. "This means more money stays in the account where it belongs, making it a great value for Iowans saving for future college expenses." The price reduction, effective August 1, 2012, will bring the annual asset-based fees of the plan's portfolios down from 0.34% to 0.28%.

"The plan's new lower costs will enable participants to put more of their investment returns toward the right place: their children's education," Fitzgerald said. "College Savings Iowa continues to share the benefits of its growth by lowering expenses, which is a testament to the commitment of the Plan to deliver well-managed college savings investments at low costs to Iowans."

College Savings Iowa offers families a tax advantaged way to save money for their children's higher education. It only takes $25 to open an account, and anyone – parents, grandparents, friends and relatives – can invest in College Savings Iowa on behalf of a child. Participants who are Iowa taxpayers can deduct contributions up to $2,975 per beneficiary from their 2012 adjusted gross income, and there are no income or residency restrictions.* Investment returns are not guaranteed and you could lose money by investing in the plan. For more information about College Savings Iowa, visit www.collegesavingsiowa.com or call 1-999-672-9116.

*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income. The availability of tax or other benefits may be contingent on meeting other requirements.

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Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as responsibility for any federal and state tax consequences. If you are not an Iowa taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

For more information about the College Savings Iowa 529 Plan, call 888-672-9116 or visit www.collegesavingsiowa.com to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing. Vanguard Marketing Corporation, Distributor.

College Savings Iowa is an Iowa trust sponsored by the Iowa State Treasurer's Office. The Treasurer of the State of Iowa sponsors and is responsible for overseeing the administration of the College Savings Iowa 529 Plan. The Vanguard Group, Inc., serves as Investment Manager and Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., assists the Treasurer with marketing and distributing the Plan. Upromise Investment Advisors, LLC, provides records administration services. The Plan's portfolios, although they invest in Vanguard mutual funds, are not mutual funds.

 
Governor Quinn Takes Bill Action Tuesday, July 31, 2012 PDF Print E-mail
News Releases - Civic News & Info
Written by Nafia Khan   
Wednesday, 01 August 2012 08:38

CHICAGO – July 31, 2012. Governor Pat Quinn today took action on the following bill:

Bill No.: SB 681

An Act Concerning: Regulation

Permits an Illinois resident to purchase ammunition from a person within or outside the state if the shipment is by U.S. mail or by a private express carrier authorized by federal law to ship ammunition.

Action: Amendatorily Vetoed

Effective Date: Immediately

 

 

 

 

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Iowa metro areas score high in Milken Institute’s “Best Cities for Successful Aging” PDF Print E-mail
News Releases - Civic News & Info
Written by Office of the Governor of Iowa, Terry Branstad   
Wednesday, 01 August 2012 08:26

(DES MOINES) – Gov. Terry Branstad and Lt. Gov. Kim Reynolds today released statements on the announcement of the non-partisan, non-profit think tank, Milken Institute’s new index on the “Best Cities for Successful Aging,” which show Iowa with the most high-ranking metros in the country.

The study can be found here: http://successfulaging.milkeninstitute.org/best-cities-successful-aging.pdf

The institute scored the top 20 metropolitan areas in the top 150 highest-populated areas in the United States, where Omaha-Council Bluffs ranked #3 and Des Moines ranked #6. In the next population tier of 209 metro areas, Iowa had three cities: Iowa City at #2, Ames at #11 and Dubuque at #14.

“This is a great showing for the state of Iowa,” said Branstad. “I am pleased to see that Iowa has such a high quality of life that allows Iowans to age successfully. The access to quality living and health care in Iowa is important, and our efforts in these areas will continue having a positive impact on the lives of all Iowans.”

The study is a data-driven analysis that examines 78 factors that most affect seniors’ quality of life, and compares and ranks 359 metros on them. The study provides x-ray of which communities in the U.S. do the best job of providing the infrastructure and amenities for successful aging.

“Our parents, grandparents, aunts and uncles are a treasure, and this demonstrates that Iowa is making great strides in preserving the health of our families,” said Reynolds. “As we make it a priority to expand Iowa’s economy, there is no doubt that a healthy and secure workforce is important no matter what the age.”

 

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Loebsack, Schilling Urge Funding of Large Bridge Projects Like I-74 in Quad Cities PDF Print E-mail
News Releases - Civic News & Info
Written by Andie Pivarunas   
Wednesday, 01 August 2012 08:20

Washington, D.C. – Congressmen Dave Loebsack (IA-02) and Bobby Schilling (IL-17) today called on the Leaders of the House Appropriations Committee to fully fund the Projects of National and Regional Significance (PNRS) program for Fiscal Year 2013.  Earlier this year, Loebsack and Schilling worked to include an authorization for $500 million in the recently passed Highway Bill for the PNRS program to fund large, interstate bridge projects, such as the I-74 Bridge.  Loebsack and Schilling called on House Appropriators to fully fund this program while crafting future appropriations bills to ensure I-74 can compete for funding and move forward as quickly as possible.

“In 2005 the I-74 Bridge became the most traveled bridge in the Quad Cities with an average of 77,800 vehicles crossing daily, despite the fact that it was built for 48,000 such crossings,” wrote the Congressmen.  “Replacement of the I-74 Bridge would not only generate national economic benefits, but would create jobs, expand business opportunities, reduce congestion, and aid commerce in traveling to and from our communities, but would – most importantly – improve safety.  For this project and others like it to more quickly move forward, it is clear that the new PNRS program needs to be funded at the fully authorized level for FY13.”

A copy of the letter is available here.

 

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