Illinois

The Illinois Municipal League will press lawmakers to support giving local governments more time to hit a 90% funded ratio and lowering the target to 80%.

The state says it would rid itself of a $500 million deferred maintenance tab by selling and then buying back a 30% stake in the Thompson Center.

Most states with remaining balances totaling $39.3 billion want more time to enact a plan to repay the loans taken out to manage pandemic-driven job claims. Interest began accruing in September.

Harvey began posting financial and bond delinquency notices this year as it tries to overcome its deep fiscal strains and past mismanagement that drew regulatory and bondholder ire.

Illinois' unfunded pension tab dropped slightly to $139.9 billion from $141 billion on an actuarial basis while the market value view saw a $14 billion cut thanks to exceptional returns.

Chicago's long-planned refinancing was led by a GO tranche priced Tuesday with spreads of 33 to 86 basis points, and follows with the Sales Tax Securitization piece Wednesday.

The weaker-than-expected employment report sent U.S. Treasury yields lower and equities sold off. Munis did what they've been doing — mostly ignored it.

The Chicago-area transit service boards expect a boost from strong sales tax revenue and discretionary grant funding from the federal infrastructure package.

The Securities and Exchange Commission has charged an Illinois-based broker with defrauding three investors out of $800,000 by luring them into investing in nonexistent tax-exempt bonds.

Chicago Mayor Lori Lightfoot is aiming to present her pick among five casino bidders to the City Council early next year.

The state will take a fresh dose of good rating news into the market when it competitively sells $400 million to fund pension buyouts and capital expenditures.

The tender/exchange offer is built into a more than $1 billion refinancing the city plans to price in early December.

Illinois local governments weighed down by rising public safety pension contributions are turning to pension obligation bonds.

The Metropolitan Water Reclamation District of Greater Chicago green bonds will fund its its deep tunnel project and waste and storm water management projects.

The state's fiscal 2022 update and five-year forecast offers a brighter near- and mid-term budget picture thanks to federal relief and strong revenues.

Local and state officials, labor, and policy groups have begun putting stakes down over how to split up the federal infrastructure windfall for Illinois.

The nation's second-largest county heads into the market next week with a GO refunding buoyed by an upgrade and an outlook boost.

Moody's joined the other three rating agencies in returning O'Hare's outlook to stable as Chicago plans to tap an up to $2.3 billion new money and refunding authorization next year.

The outlook revisions boosts a city with some $8 billion in borrowing in the works, including more than $1 billion before the end of this year.

A federal judge signed off on sanctions against IFS Securities Inc.'s former head trader for allegedly pocketing phony commissions and unauthorized trades that bankrupted the firm.