Illinois

The city and school district's financial "entanglements" will be the subject of an independent financial review due before the first elections are held.

Analyst John Kenward and public finance commercial manager Kathy Evers retired this spring.

Natalie Brown replaces Dominick Mondi, who retired earlier this year.

Like the city's pension funding revisions, the park district's plan ramps up to actuarial payments but it's alone in aiming for a 100% funding target.

The Metropolitan Pier and Exposition Authority will draw from a state backup pledge and $30 million of state subsidies as it emerges from the pandemic.

Mayor Lori Lightfoot says she will keep fighting to reshape the legislation the state Senate approved this week to transition to a fully elected school board.

The authority will scoop-and-toss some near-term debt to avoid a shortfall that would force Chicago to dig into its own pockets to cover a hotel tax shortfall.

The budget pays off Municipal Liquidity Fund loans, goes easier on local governments, cuts some corporate incentives, and begins drawing down federal relief.

The agency is refunding $104.5 million of Federal Transit Administration section 5307 bonds and $23 million of FTA section 5337 bonds.

Illinois lawmakers head into the final stretch of spring session with negotiations underway on legislation that would alter Chicago Public Schools governance.