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Stadelman’s legislation to spur construction spending passes Senate

stadelman 030420SPRINGFIELD – State Senator Steve Stadelman’s (D-Rockford) legislation to help the state invest in construction projects throughout Illinois passed the Senate today. 

The legislation allows the State Treasurer to invest up to 5% of the state’s investment portfolio into Illinois infrastructure development companies. This change in the law would allow up to $700 million in financing.

“This measure creates new economic development opportunities for the state,” Stadelman said. “The construction industry is a key part of our state’s economy, so it only makes sense to allow the treasurer to invest in infrastructure projects.”

The legislation encourages more businesses to locate, expand, and remain in Illinois by investing in quality construction development firms with a significant presence within state borders.

“Investing in construction is also investing in workers,” Stadelman said. “This opportunity will create good-paying jobs.”

Senate Bill 3028 passed with a vote of 55-0-0 and now goes to the House for further consideration. 

Second phase of U.S. Business 20 improvement project slated to start

rockford signROCKFORD – State Senator Steve Stadelman (D-Rockford) joined Governor J.B. Pritzker at the Rockford Police Department this afternoon to celebrate a Rebuild Illinois project that will help revitalize Rockford’s west side.

The project is the second phase of a plan to improve U.S. Business 20/West State Street from Day Avenue to Independence Avenue. The first phase included reconstruction of West State from Independence Avenue to Kent Creek.

“The project already has provided economic growth and a higher quality of life to an area long in need of a boost, “said Stadelman, citing improvements that include the new District 1 police station and Crusader Community Health rebuilding its main campus in the same West State location. “I’m thankful the state of Illinois is in the position to continue its work helping redevelop an at-risk neighborhood and a gateway into Rockford’s resurgent downtown.”

Besides reconstruction and widening of West State from two to four lanes, the project’s second phase includes the addition of decorative lighting, a pedestrian and bicycle path and reconstruction of sidewalk ramps to make the area more accessible for individuals with limited mobility.

“The non-road improvements are critical components to securing the neighborhood’s future as a vibrant place where families want to live and where they prosper,” Stadelman said.

A stretch of West State from Meridian Road to Springfield Avenue also is set to be resurfaced, beginning in April and concluding by the end of this summer.

Further property tax relief for Winnebago County residents

Senator StadelmanROCKFORD – State Senator Steve Stadelman recently announced that Harlem Unit District 122 has received the Illinois State Board of Education Property Tax Relief Grant.

“This is another positive step forward in bringing long-term property tax relief to the people of Loves Park and Machesney Park,” Stadelman said. “Property taxes have been – and continue to be – an important issue that needs to be further addressed in the Rockford area, which is why I am pleased to see this grant awarded to Harlem schools.”

Rockford Park District to receive grant

kids parkROCKFORD – State Senator Steve Stadelman has recently announced that the Rockford Park District will receive a total of $275,000 to renovate Keye-Mallquist Park.

The funds were secured from the Illinois Department of Natural Resources Open Space Land Acquisitions and Development program (OSLAD). So far this year, the program has provided more than $28 million to support 87 park projects across the state.

“Our local parks are a great way for all of us to stay active and play different types of recreational sports,” Stadelman said. “It’s great to see that the Rockford Park District is continuing its hard work and commitment to the community by securing these funds.”

The OSLAD program began in 1987 and has invested $419.4 million in 1,765 local park projects. The program receives dedicated funding from a percentage of the state’s Real Estate Transfer Tax.

For more information about Rockford Park District and Keye-Mallquist Park, please visit rockfordparkdistrict.org.

Sen. Steve Stadelman

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34th Legislative District

Years served: 2013 - Present

Committee assignments: Financial Institutions; Higher Education; Public Health; Revenue; Telecommunications & InfoTechnology (Chairperson); Transportation.

Biography: Earned a bachelor's degree in journalism from the University of Wisconsin-Madison. Worked as a news anchor/reporter for WTVO-Channel 17 for 25 years, In 2003, his coverage of the state's death penalty earned him an Associated Press award for Best Documentary.

Associated Representatives:
John M. Cabello
Maurice A. West II