Illinois

A top advisor to Brandon Johnson said his administration is still waiting on the advice of incoming CFO Jill Jaworski and budget director Annette Guzman.

Inflation joined supply chain struggles, wage pressures, and the labor shortage — most acutely felt with nursing staff — dragging down the sector's margins.

With hotel taxes unlikely to keep pace with debt service , the Illinois Sports Facilities Authority is eyeing a restructuring to extend final bond maturity.

The CTA is looking for the state to boost operating funds to help solve a looming $400 million annual shortfall.

Harvey and its advisors are in the process of notifying holders of its defaulted 2002 and 2007 bonds of its upcoming exchange offer.

The legislation impacts Chicago fire pensions, but it's stirring debate over costly fixes needed statewide to avoid running afoul of Social Security rules.

Illinois trimmed revenue estimates for the current fiscal year and must absorb higher social services expenses next year leaving less budget room to maneuver.

The choice of PFM's Jill Jaworski for the CFO position drew praise from the outgoing CFO and market participants who are watching closely to see whether the city stays on track with fiscal progress that has drawn more than a dozen rating upgrades across credits.

Chicago Mayor-elect Brandon Johnson hopes to make an announcement on the CFO post before taking office Monday.

Legislation making its way through the state legislature enhances pension benefits for Tier 2 Chicago firefighters but the Civic Federation is urging lawmakers to slow down.