Illinois

Chicago's second tax-increment financing district for transit would provide up to $959 million of funding to leverage federal infrastructure grants.

Illinois' unfunded pension tab improved slightly in 2022 because 2021 returns still play a role in the actuarial assessment through smoothed investment returns.

The RTA and its service boards are eyeing funding sources to avoid damaging service cuts and fare hikes as they exhaust federal COVID-19 pandemic relief.

Advocate Aurora Health and Atrium Health finalized their merger Friday.

The state will use surplus revenues to pay off the remaining $1.36 billion balance and will loan the trust another $450 million to bolster its health with repayment going toward the state's budget stabilization fund.

University of Chicago Medicine and City of Hope are borrowing through the IFA for acquisitions that expand their footprint

Chicago's Sales Tax Securitization Corp. will sell $150 million of social bonds next month in the city's first ESG-labeled deal.

Illinois raised its fiscal 2023 revenue estimates by $3.69 billion, giving Gov. J.B. Pritzker enough to propose doubling the state's $1 billion rainy day fund.

Both S&P Global Ratings and Kroll Bond Rating Agency revised their outlooks for Chicago general obligation bonds to positive from stable.

Chicago's upcoming general obligation sale will carry a Moody's rating for the first time since at least 2014.