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The RTA is facing state funding cuts but the new Illinois budget at least provides more funding certainty.
July 27
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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.
July 27
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Illinois made $740 million in Medicaid-related payments this week.
July 26
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Veteran Chicago-based banker Elizabeth Coolidge is headed to UBS from PNC.
July 26
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Chicago has good news to share as investors return to town, though pension and school woes loom large.
July 25
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Four of Illinois’ junk-rated public universities won an upgrade from S&P Global Ratings.
July 24
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Illinois bonds saw a slight price bump in reaction to Moody's confirmation of the state's Baa3 rating.
July 21 -
The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.
July 20
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Chicago school officials pledged to open on time after Labor Day.
July 20
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The lockbox provision could allow issuers to borrow at higher ratings, but may punish existing bondholders.
July 19
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The Illinois governor says he will use his amendatory veto powers to shift some Chicago school aid to other districts.
July 18
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Among those affected by the EnerVest collapse are public pension funds in Texas, Colorado, Illinois, New Mexico, California and Florida.
July 18
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The Chicago-based investment banking firm said Tuesday it will drop its municipal sales, trading, and underwriting business.
July 18
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Fitch took Illinois off negative watch, while keeping a negative outlook on its BBB rating.
July 17 -
Chicago Transit Authority highlighted the direct flow of federal grants ahead of its refunding deal
July 17
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The end of the two-year budget drought in Illinois is a mixed bag for “downstream” credits.
July 17
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City of Geneseo, Ill., residents may have noticed their recent tax bill was higher than anticipated because a bond error resulted in $320,050 more being collected than intended.
July 17
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Rating pressures eased on the healthcare system's low investment grade rating.
July 13
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Chicago is expected to take advantage of the new debt vehicle authorized in the Illinois budget.
July 13
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The end of a two-year old budget impasse led S&P to affirm Illinois and assign a stable outlook.
July 12
