Cook County Board President Toni Preckwinkle and Chicago Mayor-elect Rahm Emanuel last week announced the formation of a joint committee to explore how the two governments can partner to cut costs, improve service delivery and streamline interaction with the public.
The committee is made up of six community and business leaders. The group is charged with reporting back to Preckwinkle and Emanuel, who takes office next month, in 45 days. Both governments are struggling with budget deficits.
Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
S&P Global Ratings joined Moody's in assigning a negative outlook to its triple-A rating, but a criteria change pushed Fitch's rating of the city up to AAA.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
