Emanuel Names Chicago Transit Head Claypool as Chief of Staff
Chicago Mayor Rahm Emanuel tapped Forrest Claypool, his longtime friend and hand-picked head of the Chicago Transit Authority, as his next chief of staff.
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Wisconsin’s capital finance director, Kevin D. Taylor, resigned after only two years in the job.  more »
Former Detroit Emergency Manager Kevyn Orr is returning to Jones Day, the firm he worked at prior to ushering the city through the nation's largest municipal bankruptcy.  more »
Chicago-based general government banker Eric Rockhold started Monday with Bank of America Merrill Lynch as a co-head of the central region, industry sources said.  more »
Chicago-based David A. Noyes & Company is expanding into the primary underwriting market with the hire of Indiana muni veteran Tom Enright.  more »
Michigan Gov. Rick Snyder signed legislation designed to ease Detroit's first post-bankruptcy appearance in the debt market.  more »
The Minnesota Senate passed legislation banning state taxpayer aid for a proposed $120 million open-air Major League soccer stadium in Minneapolis.  more »
The Art Institute of Chicago said it’s received the largest gift ever in a 42 piece collection valued in published reports at $400 million.  more »
A proposal to relieve Detroit Public Schools of a big chunk of its bond debt could increase education costs statewide, a public policy group warns.  more »
Cook County, Ill. budget director Andrea Gibson is leaving the top county job after four years on the job, board President Toni Preckwinkle announced April 21.  more »
Drawn by attractive interest rates, investors Tuesday bought up $300 million of bonds sold by the Chicago Board of Education, which has been dogged questions about its solvency.  more »
Illinois Gov. Bruce Rauner's promotion of Chapter 9 as an option for some local governments may hinder efforts to help resolve fiscal struggles in a way that protects bondholders, Fitch Ratings warned.  more »
Mercy Health, Ohio’s largest health care provider, prices $400 million of bonds this week, joining a handful of higher-rated hospitals that have started to return to the capital market after years of delaying deals.  more »
Peel away the layers of negative headlines and patient investors will find in the this week’s $300 million Chicago Board of Education issue low default risks and underlying credit strength, according to Municipal Market Analytics.  more »

This week, we discuss a new measure of pension funding, examine the impact of oil prices on labor markets in oil dependent States and discuss changing levels of food stamp participation.

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