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Illinois Teachers Fund Lowers Return Rate
August 26, 2016 CHICAGO – Illinois' largest retirement fund voted to lower its assumed investment return rate to 7% from 7.5%, a move that...

Illinois Universities Hurt by Gridlock, S&P Says
August 26, 2016 Illinois’ budget crisis and political gridlock have taken a toll on the state’s public colleges and universities, S&P Global...

Illinois SRF Tees Up AAA Sale
August 26, 2016 The Illinois Finance Authority heads into the market Tuesday with $500 million of top-rated state revolving fund bonds to pave...

Why Illinois' High-Grade Paper Was an Easier Sale Than GOs
August 25, 2016 Illinois achieved about $56 million in present value savings on the refunding portion of its nearly $550 high-grade, sales tax...

Illinois Teachers Fund Weighs Its Investment Assumption
August 24, 2016 Illinois’ largest retirement fund will review its assumed investment rate Friday amid a warning from Gov. Bruce Rauner’s...

Chicago School Board Approves New Debt and Budget
August 24, 2016 The junk-rated Chicago Board of Education authorized up to $1.5 billion in short-term and $945 million of long-term borrowing...

New Money Spurs Volume in Midwest
August 23, 2016 The issuers of the Midwest sold $41 billion of municipal bonds in the first half of 2016, spurred by increased new money...

Cabrera Adds Bankers on the Coasts
August 22, 2016 Chicago-based Cabrera Capital Markets again has bankers on the ground on both coasts with the hiring of Brian Corley out west...

Chicago Schools Seeking Credit Line Boost
August 22, 2016 Chicago Public Schools is seeking a $400 million increase to its short term borrowing capacity to help manage its strained...

Chicago City Colleges Hit With Downgrade
August 22, 2016 City Colleges of Chicago suffered a two-notch downgrade after it drew down reserves to balance its books amid uncertainty over...

Northern Illinois Agency Sets Refunding of Prairie State Bonds
August 18, 2016 An Illinois-based joint power agency heads into the market to refund $250 million of debt tied to the controversial coal-fired...

Coalition Drives Illinois Transportation Lockbox Vote
August 17, 2016 A new coalition of labor and business is hoping to persuade Illinois voters to support a constitutional amendment that would...

Why Pensions Beat Bonds in Bankruptcy Court
August 17, 2016 Bondholders' poor recovery relative to pensioners in Detroit was typical of municipal bankruptcies, as protecting the...

Chicago Schools Request $945M of Debt Authority
August 16, 2016 Chicago's junk-rated school district scheduled a public hearing next week on a request for $945 million of borrowing...

How Pension Gridlock Trapped New Jersey, Illinois Politicians
August 16, 2016 Political gridlock has stymied attempts to overhaul pensions across the nation, most notably in the two lowest-rated states,...

Reports Cites Two Decades of Illinois Financial Mismanagement
August 12, 2016 Illinois' fiscal reckoning arrived after years of disguising its structural budget woes in large part by shortchanging its...

Illinois Returning to Market with Sales Tax Bonds
August 10, 2016 Illinois will return to the market with $573 million of new money and refunding bonds under a higher-rated sales tax-backed...

Successor to Detroit Water Enterprise Plans First Deal
August 9, 2016 The Great Lakes Water Authority is preparing its first bond issues since launching on Jan. 1, when it assumed Detroit’s $5.5...

Chicago Schools Release $5.4 Billion Budget Plan
August 9, 2016 Chicago Public Schools unveiled a $5.4 billion budget that district officials call “balanced” though it relies on concessions...

Chicago's Pension Fund Plan Gets a Rating Agency's Approval
August 8, 2016 Chicago’s proposal to rescue its municipal pension fund from looming insolvency with a new water/sewer tax is a positive step...


Dean Fuleihan, New York City’s Director of Management and Budget, sits down with The Bond Buyer’s Senior Marker Reporter Chip Barnett to talk about the city’s fiscal 2017 budget. Fuleihan also discusses the city’s aging infrastructure and what it takes to get the right balance between maintaining the old and building the new.

While there is something wild about callable premium bonds, fortunately there may be a way to tame them.

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