Illinois

The city of Aurora, Illinois, is issuing an upfront loan to developer Penn Entertainment using bonds backed by tax increment financing district revenue.

Illinois' Commission on Government Forecasting and Accountability last week released its Special Pension Briefing on state-funded retirement systems in 2023.

Brandon Comer and his firm Comer Capital Group have to pay the sum as part of a final judgment reached in federal court in Illinois.

The consolidation upheld by the state Supreme Court promises efficiencies, but the hundreds of local funds involved still face structural challenges.

Providing care for thousands of migrants is contributing to the system's escalating uncompensated care costs.

Moody's Investors Service bumped Chicago's outlook to positive from stable, while affirming the city's Baa3 issuer and general obligation bond ratings.

The Illinois Supreme Court upheld pension reform legislation championed by Gov. JB Pritzker that was challenged in court by first responder pension funds.

The top five bond financings have an average dollar volume of more than $917 million.

The Investment Company Institute Wednesday reported large inflows into municipal bond mutual funds, with investors adding $2.066 billion to funds, while exchange-traded funds saw $1.082 billion of outflows for the week ending Jan. 10.

The University of Chicago Harris School's Center for Municipal Finance is joining forces with Investortools to help advance municipal finance knowledge.