Illinois

Mayor Lori Lightfoot says the city can manage through 2020 and will wait for the 2020 session to resurrect requests.

The state will pool the assets of 650 public safety pension funds outside Chicago into two new funds: one for police and one for firefighters.

The Chicago Civic Federation supports the proposed budget despite worries

After management and physicians from both health systems worked to provide a merger recommendation, the UnityPoint Health board “failed to embrace the vision."

Chicago now expects to bank $215 million in upfront debt refinancing savings from a bond refinancing it expects late this year or early next.

The labor deal with teachers to end an 11-school-day strike puts pressure on Chicago Public Schools in the out years, say FItch and S&P.

Illinois’ competitive $750 million general obligation issue proved an easy sell with tight cover bids.

The unfunded liabilities rose to $137 billion in fiscal 2019 from $134 billion, and the state will have to contribute $600 million more in fiscal 2021.

The junk-rated school district revised its fiscal 2020 budget to reflect the contract that ended a teachers' strike, but long-term questions remain.

Ahead of the deal, Moody's revised its outlook on the hospital system's Aa3 rating to positive from stable.