Illinois

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.

Officials are aiming by fall to finalize a bond exchange offer that would restructure general obligation bonds and resolve a legal dispute with bondholders.

Chicago will conduct a full-court press of the buy side next week.

Fitch and S&P moved the district's outlook to stable as its balance sheet weathered the COVID-19 storm and pension overhaul legislation removes the threat of looming insolvency.

Chicago laid out three options for updating Soldier Field whether or not the Bears stay, but had little to say on financing plans beyond offering naming rights, league financing and debt as options to be explored.

State Rep. Mark Batinick said he’s generally not a fan of red light cameras, but if they are going to be used, the fines should go to a source “that needs it and removes any motivation to simply use the cameras as a way to further tax the public.”

State pension funds have lost much of the ground gained during the bull market of 2021.

The “social” part of ESG evaluations poses the most downside risk to governmental and not-for-profit issuers in the Midwest and Central regions, S&P said.

Illinois closed the books June 30 on a "record-breaking" year for general fund revenues.

The proposal offers no suggestions on financing the project, which, if completed, could allow the stadium to host a Super Bowl or NCAA tournament.

The county is working with PNC Bank to set up a line of credit that could provide up to $300 million of short-term loans to local suburban Chicago taxing bodies.