Illinois

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.

The Illinois State Toll Highway Authority plans $600 million of borrowing next month and $500 million next year as its 15-year-old capital program remains in full speed ahead mode.

Chicago anticipates a casino-resort development will result in a $200 million annual jackpot — with room to grow — to help cover public safety pension contributions.

Underwriter Cantone Research’s alleged fraudulent misrepresentations are tied to two defaulted bond offerings.

The Illinois Municipal Electric Agency will have paid off its debt by the time the Prairie State Energy Campus faces an emissions deadline to avoid an early decommissioning under new Illinois clean energy mandates.