Illinois

Federal COVID-19 relief aid cushions the district's balance sheet but labor, state budget, and pension woes remain.

ISFA board member Leslie Darling will take over the role of board chair.

A federal judge agreed with the SEC that the Chicago suburb must prove the status of reforms agreed to in settling allegations the city misused bond proceeds.

Illinois is asking state justices to resolve efforts to challenge $14 billion of outstanding general obligation bonds.

Park Place at Elmhurst would restructure and redeem $141 million of bonds issued to exit its 2016 Chapter 11 under a plan pending before a bankruptcy court.

Bel Air Investment Advisors is Hightower's 14th and largest acquisition in a year, with $8 billion of assets under management including $2.8 billion of municipals.

The default-ridden Chicago suburb says the court's action to give it back control of its water operation could aid its 2021 objective of restructuring debt.

Lincoln Way school district in suburban Chicago moved further back up the investment grade ladder with a Moody's Investors Service upgrade.

While there are no major sales on the calendar for this week, some larger deals from and Texas, California, New Jersey and Colorado issuers are on tap for the first few weeks of 2021.

Chicago Public Schools will get more than it budgeted for from the federal emergency relief bill; the Illinois Regional Transportation Authority got a bit less.