Illinois

A new study finds the impact of pension debt may not be as big as commonly believed.

November's progressive income tax referendum looms large over Gov. J.B. Pritzker's proposed fiscal 2021 budget and the state's long-term fiscal prospects.

Gov. J.B. Pritzker unveiled a $42 billion general fund budget for fiscal 2020.

The Illinois attorney general fires back in petitioner's effort to resurrect lawsuit that seeks to void $14.3 billion of state bonds.

Gov. J.B. Pritzker will unveil a proposed fiscal 2021 budget Wednesday.

Illinois freed up $500 million in capital funding for a University of Illinois research center that will anchor the development.

State Comptroller Susana Mendoza released interim numbers because the state's comprehensive annual financial report for fiscal 2019 is unfinished.

The state conduit that issued $170 million of defaulted Better Housing Foundation bonds is weighing in as S&P prepares housing bond criteria changes.

The state's lookback at gambling revenues since 2012 comes as a large-scale expansion looms.

The public agency that owns and operates Chicago's convention center took the "acting" off Larita Clark's CEO title this week.

Two veteran Chicago-based public finance attorneys — Lance Tyson and Glenn Weinstein — are joining Miller Canfield's team.

The market awaits Gov. J.B. Pritzker's fiscal 2021 budget proposal next month before turning to November's progressive income tax vote.

The impoverished Chicago suburb is working on a settlement to provide bondholders with some revenue while allowing the city to operate.

A new hospital and network of community health centers are part of the $1.1 billion capital proposal from the four fiscally strained South Side hospitals.

Miroslava Mejia Krug is a veteran of top fiscal posts at two Chicago-area private higher education institutions.

Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.

Both the senior and the new second lien of Chicago's Sales Tax Securities Corp. are now rated AA-minus.

A healthy response to Chicago's first tender invitation is expected to bolster the savings on $1.47 billion of refinancing debt the city sells this week.

The Better Housing Foundation's Chicagoland suburban bond portfolios are now experiencing bond covenant and payment defaults.

The state expects to set senior and co-manager pools with up to 15 firms each for an initial four-year term.