Illinois

Municipal bond buyers are heading off to Chicago this week to attend the Windy City’s annual investor conference.

Chicago’s rising pension costs and other budgetary pressures cast a wide shadow over big gains the city has made in whittling down its structural budget.

Illinois Gov. Bruce Rauner reshaped a school funding bill Tuesday, cutting CPS' piece of the pie.

The Lombard, Ill. Public Facilities Corp. is seeking to restructure its $190 million of now defaulted debt.

Chicago heads into 2018 budget season with a $114 million hole to fill.

Cook County can begin collecting a beverage tax that is expected to generate $200 million annually.

The rating agency said it doesn’t expect the budget to directly result in any local government rating changes, though school districts remain vulnerable to a possible impasse over funding.

The RTA is facing state funding cuts but the new Illinois budget at least provides more funding certainty.

Gov. Bruce Rauner has called the bill a “bailout” for Chicago Public Schools and plans to use his amendatory veto powers to cut funding in half.

Illinois made $740 million in Medicaid-related payments this week.

Veteran Chicago-based banker Elizabeth Coolidge is headed to UBS from PNC.

Chicago has good news to share as investors return to town, though pension and school woes loom large.

Four of Illinois’ junk-rated public universities won an upgrade from S&P Global Ratings.

Illinois bonds saw a slight price bump in reaction to Moody's confirmation of the state's Baa3 rating.

The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.

Chicago school officials pledged to open on time after Labor Day.

The lockbox provision could allow issuers to borrow at higher ratings, but may punish existing bondholders.

The Illinois governor says he will use his amendatory veto powers to shift some Chicago school aid to other districts.

Among those affected by the EnerVest collapse are public pension funds in Texas, Colorado, Illinois, New Mexico, California and Florida.

The Chicago-based investment banking firm said Tuesday it will drop its municipal sales, trading, and underwriting business.