Illinois

Chicago general obligation bond prices have dropped sharply since the start of the year, according to the Center for Municipal Finance's muni indices.

After Mayor Brandon Johnson split the city's $260 million advance pension payment, more than 30 aldermen introduced a resolution calling for a special hearing.

Indiana looks to entice the National Football League's Chicago Bears to move to northwest Indiana by offering state-backed bonds to fund a new stadium.

Panelists diverged sharply on the outlook for 2026 at the Executives' Club of Chicago's Annual Economic Outlook panel, held at a hotel in Chicago's Loop.

Moody's Ratings warned some states face credit risk after the Trump administration froze $10 billion of funding to five blue states.

The Glenwood-Lynwood Public Library District was four weeks late on a Dec. 1 debt service payment amid delays to Cook County property tax billing.

Chicago's city council passed its alternative budget over the weekend. Mayor Brandon Johnson hates it, but said he would not veto it.

Moody's Ratings upgraded the Chicago Transit Authority to Aa3 from A1 Friday, and upgraded the Chicago-area Regional Transportation Authority to Aa2 from Aa3.

Illinois Gov. JB Pritzker signed a raft of major bills into law over the past week, culminating with the Northern Illinois Transit Authority Act.

A vote Wednesday by Chicago's city council would speed up budget hearings and signals that a majority of alders may go their own way on the budget.

The county treasurer's new report describing large hikes in Chicago residential tax bills effectively takes property tax hikes off the table for the city.

Chicago homeowners face a record property tax hike after the city's downtown office buildings and other commercial real estate values fell again.

Illinois lawmakers sent Gov. JB Pritzker a bill to facilitate the use of STAR bonds for economic development, which has happened only once in 15 years.

The airport's sprawling capital improvement program is expected to total $11.5 billion over the next decade, $9 billion of it bond funded.

Moody's revised the outlook on the Chicago Board of Education to stable from positive on Monday.

"Illinois is just pure mismanagement," Ryan Frost, managing director of the Reason Foundation's Pension Integrity Project, said.

Chicago Public Schools went to market this week with nearly $1.1 billion of refunding bonds in the largest municipal transaction the district ever completed.

Illinois' Grand Prairie Water Commission went to market Monday in a debut deal as it builds infrastrcture linking the Joliet area with Chicago's water system.

Mayor Brandon Johnson released to City Council a report from accounting firm Ernst & Young with recommendations for closing the city's structural budget gap.

The upgrade is driven by realized and expected improvement in the state's financial metrics, the rating agency said.