Illinois

After Gov. JB Pritzker released his BUILD plan to lower housing costs, the Illinois Municipal League unveiled its proposal: the REAL Housing Act.

Moody's Ratings downgraded Northern Illinois University's issuer and revenue bond ratings to Ba1 from Baa3.

Three University of Chicago public policy graduate students devised a Stadium Securitization Corporation, modeled after Chicago's Sales Tax Securitization Corp.

The Illinois House advanced a megaprojects bill that could enable the National Football League's Chicago Bears to stay in Illinois.

KBRA revised the outlook on the Chicago Transit Authority's Series 2015 and 2016 Transportation Infrastructure Finance and Innovation Act loans to stable.

Illinois curently plans $3.2 billion of bond sales in FY2027 under Gov. JB Pritzker's executive budget, the Commission on Government Forecasting and Accountability said, adding additional authorization requests are expected.

As public sentiment shifts around Illinois data centers, a new report warns local governments against lopsided contract terms with developers.

Bernardi Securities founder Edward Bernardi passed away peacefully on March 21 in his Lake Forest, Illinois, home. He was 95.

Illinois returns to market with about $1.4 billion of GO bonds on Tuesday, with proceeds funding accelerated pension benefit payments and capital projects.

At least two local agencies missed debt service payments after the Cook County, Illinois, treasurer's office was unable to issue property tax bills on time.

Glen Carbon, Illinois, has applied to host the state's first NOVA district, a bigger version of a STAR bond district, to support a big mixed-use development.

Chicago returns to market March 10 with $800.29 million of general obligation bonds, following bond rating downgrades from Fitch Ratings and KBRA.

KBRA and Fitch Ratings downgraded Chicago's general obligation bonds to BBB-plus from A-minus on Wednesday, and both kept their rating outlooks at negative.

From Illinois to Wisconsin to Michigan, Democratic governors outlined plans to ameliorate budget crunches made worse by Trump administration policies.

Senior public finance banker Eric Avila has joined Siebert Williams Shank & Co. as managing director and head of the Midwest region.

Indiana's House Ways and Means Committee unanimously approved a plan to build a stadium to lure the National Football League's Chicago Bears.

Illinois Gov. JB Pritzker resurrected a 2024 pension proposal that would increase the state's funding goal to 100% by 2048.

Illinois' economy will underperform the Midwest and the U.S. over the next year, due largely to the effects of federal policies, according to an economic forecast.

The Illinois Municipal Electric Agency hasn't lost Naperville yet, but the city council withdrew from contract extension negotiations last week.

Chicago Mayor Brandon Johnson has chosen Assistant Finance Commissioner Steven Mahr as the city's acting chief financial officer, two sources confirmed.