Illinois

The University of Chicago embarked on the Illinois Finance Authority's largest financing ever to transform its capital structure and fund major projects.

The Chicago City Council delivered a strong rebuke of Mayor Brandon Johnson's fiscal 2025 budget on Thursday, rejecting a $300 million property tax increase.

KBRA has placed Chicago's general obligation bond rating on watch for downgrade as the City Council prepares to vote tomorrow on a proposed property tax increase.

With the rollout of a new final EPA rule, Midwest municipalities are seeking ways to finance lead pipe replacement efforts, including through revenue bonds.

Northern Illinois University is going to market with $62 million of certificates of participation to finance energy-saving projects affecting 50 buildings.

Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal year 2025 budget that calls for a $300 million property tax increase, but does not touch pension funding levels.

The Chicago City Council this week approved a plan to refinance $1.5 billion of the city's debt. The city expects to issue the bonds in the fourth quarter.

More project finance deals are part of FHN Financial's plans to grow its municipal finance business.

Three of the six conservation referendums on Midwest ballots are for bond authorizations; one in Illinois and two in Iowa.

Public pension benefit improvements could put credit pressure on states that enact them, the rating agency said this week.

After the school board resigned, the rating agency put Chicago Public Schools on notice that it will watch how its tricky financial situation is handled.

Cook County released its $9.89 billion executive budget recommendation, with officials saying it includes no new taxes or layoffs.

Chicago's City Council deferred a vote on a $1.5 billion bond measure.

Xavier University in Ohio is the latest private Midwest college to face bad financial news -- downgrades from two bond rating agencies -- but it's not alone.

Wells Fargo Head of Municipal Markets Strategy Vikram Rai said on Monday that Illinois' bonds are underappreciated as he released a report on the state.

The proposed sale size has grown to $1.5 billion and the city claims it will bring $90 million in savings this year.

Public policy students will mingle with current municipal finance pros at an upcoming University of Chicago Harris School career forum.

The Chicago Board of Education adopted a nonbinding resolution declaring a moratorium on school closures during a heated public meeting on Thursday.

The $105 million of power project revenue refunding bonds deal for Plum Point Energy Station in Arkansas comes amid tighter emission regulations.

North Carolina is the latest state to eye using a P3 to build tolled express lanes amid insufficient state funding.