Illinois

Illinois will pay down another $450 million of the $1.8 billion outstanding from a $4.5 billion federal loan to pay pandemic-related unemployment claims.

"We really have worked hard during this strong stretch here of economic performance over the last 18 months or so to really kind of address some of those lingering debts we inherited," said Illinois Office of Management and Budget Director Alexis Sturm.

The financial advisory firm is adding to its fold a specialty firm that focuses on aiding the hospital sector on clinical documentation, revenue cycle, hospital operations, and technology.

Seven states formed the Midwestern Hydrogen Coalition to collaborate on promoting hydrogen-based energy production, use and distribution.

In both Michigan and Wisconsin, school districts are seeking about $2 billion of either bonding capacity or revenue raising authority.

The once-barren budget stabilization fund now tops $1 billion but it's meager compared to the cushion built up by other states.

The state will hold an in-person and remote investor meeting Sept. 21 before heading into the market the following week.

The bridge loan program announced in July will spare suburban taxing bodies from having to issue tax anticipation notes to bridge a months-long delay in property tax bills going out

Surging state revenues eased the burden of managing fixed costs, Moody's says in an examination of state liabilities based on fiscal 2021 financial reports.

Brandon Comer and Comer Capital Group have responded to the SEC's argument against summary judgment, claiming the Commission has not provided sufficient evidence.

The Minnesota Airports Commission is also in the bond market with a $386 million deal this week, followed by Chicago's $1.77 billion transaction next week.

Investors will be greeted Monday with a decrease in supply with the new-issue calendar estimated at $6.711 billion, down from total sales of $10.318 billion.

Chicago put its message on fiscal progress directly to bondholders at the annual investors conference last week.

Higher education borrowing led by century bond deals helped offset the dive in refundings brought on by rising interest rates.

Illinois laid out updated six-year transportation packages allocating more than $30 billion in spending.

Friedman is remembered for her devotion to clients, social justice, and family. She spent her career at Borge and Pitt and then Katten Muchin after they merged.

Chicago projects a $127.9 million gap looms in 2023. That's down from the $306 million projected in May and the $867 million from last year's forecast for the coming year.

Several large new issues priced. Municipal yields were little changed, U.S. Treasuries were weaker on the short end and stocks ended in the red ahead of the much-anticipated July inflation figure.

The SEC is opposing municipal advisor Brandon Comer's request for a summary judgment in a case, where the Commission alleged Comer breached his fiduciary duty.

Moody's revised Cook County, Illinois' outlook to positive ahead of its mix of sales tax-backed and general obligation bond deals.