Yvette Shields

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

Mayor Lori Lightfoot tapped aviation finance chief Reshma Soni for comptroller and elevated debt manager Jack Brofman to deputy CFO.

Poor returns piled another $2 billion onto Chicago's pension tab, but it won't add to the already $280 million contribution spike looming next year, according to its new CAFR.

While the best case scenario is a court dismissal, analysts think the state would support bondholders should the case goes against them.

The recorded conversations document Nuveen's efforts to choke off Preston Hollow's access to capital and block what it considered predatory lending practices.

The Illinois governor says the state, with its low ratings, is in no position to absorb its largest city's massive pension liabilities.

Gov. J.B. Pritzker denounces the move as right-wing attack to harm the state's improved standing in municipal market.

A progressive income tax may not boost the state's near-junk rating unless revenue is used to address the pension problem.

Better Housing Foundation defaulted on $84 million of bonds and lacks funds to maintain the properties.

Cook County, Illinois president says new taxes or fees are on table to close the shortfall.

S&P upgraded the city's Lambert International Airport ahead of the sale that was the subject of a tussle between city leaders.

The new Chicago mayor traveled to New York City this week for a series of "meet-and-greets" with political and financial players.

Citing new uncertainties surrounding revenue credits, Moody's downgraded the Illinois State Toll Highway Authority ahead of a $300 million deal.

The junk-rated district's latest cash flow issue was nearly eight times oversubscribed as it trimmed rates substantially from previous sales.

Moody's is bullish on the state's budget and capital bills, less so on gambling expansion and recreational marijuana

The supply-demand imbalance, a long-term volume horoscope and valuing climate change were among the topics debated at The Bond Buyer's Midwest Conference.

New Mayor Lori Lightfoot shows a commitment to maintaining investor relations that helps the city's access to the bond market

The court put off a formal ruling for 10 days but made clear it expects to lift the confidentiality seal on bank transcripts with only limited redactions.

The troubles of the Better Housing Foundation bonds had been flagged in earlier rating downgrades and disclosure statements.

Deputy Governor Dan Hynes says the recent legislative session put the state on an "upward trajectory," but underfunded pensions dog the state.