Illinois

Talks between original holders and a law firm over potential securities fraud litigation did not pan out, and trustee UMB NA has canceled all the bonds.

Phil Culpepper brings his experience as a public finance banker and Illinois' former debt manager to the table at the fully veteran-owned firm.

State Comptroller Susana Mendoza will renew a push for legislation to set automatic triggers for a $200 million annual deposit into the rainy day fund.

CPS' federal windfall aided the district's fiscal progress with plans to use $700 million in the next budget before exhausting the pot in fiscal 2025.

Cook County and the Illinois Municipal Retirement Fund reported improving pension health, while the unfunded liabilities of Chicago funds worsened in 2020.

As summer beckons, it's time for a reporters' roundtable with some of the Bond Buyer's senior staff. Yvette Shields, Karen Pierog, Keeley Webster and Thomas Nocera talk with Chip Barnett about what's hot in their regions and what municipal bond market participants should expect to see in the months ahead. (25 minutes)

Local police funds challenging the suburban and downstate police and firefighter pension fund consolidation appealed a court decision that upheld it.

Chicago's decades-long casino chase has moved closer to reality with Mayor Lori Lightfoot banking on the fiscal jackpot to help fund the city's pensions.

An Illinois judge upheld the constitutionality of the state's consolidation of downstate public safety pension funds; an appeal is expected.

Goodman's colleagues and friends called her death a loss for the public finance industry. The Canadian native embraced Chicago and her role aiding local and state governments.