Illinois

The Chicago Transit Authority enters the market next week with a $176 million issue to refund some of its federal grant-backed debt for savings.

Chicago Mayor Rahm Emanuel submitted bonding ordinances to authorize up to $2 billion of O’Hare airport borrowing as well as $675 million of general obligation and wastewater debt.

Senate leaders are raising concerns over legislation passed by the House and supported by Gov. Bruce Rauner that halts cost-of-living pay raises for Illinois lawmakers in the current fiscal year.

Chicago officials warned state lawmakers that Gov. Bruce Rauner’s sweeping statewide pension proposal offers Chicago Public Schools only a temporary salve.

Cook County, Ill.'s president won't support Gov. Bruce Rauner's pension reforms even though they give the cash-strapped county many of the reforms it wants, because it would also mean supporting the governor's anti-union measures.

Illinois Attorney General Lisa Madigan wants to leave the door open for a possible U.S. Supreme Court appeal after the state's high court voided a state pension system overhaul.

Fitch Ratings downgraded the Chicago Board of Education’s $6 billion of general obligation debt down to junk Monday.

Three years after its much ballyhooed launch by Mayor Rahm Emanuel, the Chicago Infrastructure Trust, slow to get off the ground, is getting a makeover.

A Cook County Circuit Court judge declared Chicago’s overhaul of two of its four pension funds to be unconstitutional and void in its entirety.

The Illinois legislative audit commission has formally launched its search for candidates to replace retiring auditor general William Holland.

Cook County, Il. won rare praise from a ratings agency Thursday when Moody’s Investors Service said a new sales tax increase to pay off pensions is a credit positive.

The Chicago Board of Education authorized $1.16 billion of borrowing to pay for ongoing capital projects, to cancel swaps, and refund debt for budget relief.

The Illinois Senate president called on Gov. Bruce Rauner to offer a new, balanced budget for fiscal 2016, warning that, without action, the state’s battered credit faces a further hit.

Illinois debt manager Jessica Akey is leaving state government to join Standard & Poor’s, multiple public finance sources said.

A federal appellate panel tossed five of 18 corruption-related counts that landed former Illinois Gov. Rod Blagojevich a 14-year sentence in 2011.

The Illinois Finance Authority is rolling out a new financing program to help smaller hospitals purchase equipment and meet federal healthcare record-keeping mandates.

Swap termination fees are among the items to be financed under a $1.16 billion general obligation bond authorization that is up for a Chicago Board of Education vote.

Standard & Poor's Ratings Services said it is monitoring the Chicago Board of Education's plans for fiscal 2016 and its efforts to bring expenditures in line with revenue.

Steep junk-level yield penalties drew strong interest in Chicago's $347 tax-exempt sale Thursday which followed the city's pricing of $743 million of taxable securities a day earlier.

Chicago Mayor Rahm Emanuel rolled out a new leadership team for the fiscally beleaguered Chicago Public Schools that will be led by his recently appointed chief of staff, Forrest Claypool.