Illinois

Illinois lawmakers wrapped up the first half of their annual fall veto session leaving tough legislation for the second half, beginning Nov. 12.

Though the market may view Chicago's budget as heading in the right direction, relying on the state is a gamble that's a concern for aldermen, too.

Optimistic investment assumptions are the primary cause of public-sector pension plan underfunding, according to a report by Hilltop Securities.

Mayor Lori Lightfoot needs to achieve her 2022 target of structurally balancing the city’s books to preserve Chicago's BBB-plus rating, S&P said.

Both women will be honored as part of The Bond Buyer's Deal of the Year gala on Dec. 4 in New York City.

Illinois Gov. J.B. Pritzker's administration says the forecast shows that Illinois needs to change its income tax structure.

Lori Lightfoot would close an $838 million gap with a mix of permanent and one-time maneuvers including new taxes, spending cuts and debt restructuring.

llinois paper is looking more attractive when held up to Chicago city and Chicago Public Schools bonds, Citi analysts write.

The Illinois State Toll Highway Authority is in the ninth year of a 15-year, $14 billion capital program.

No pension obligation bonds, scoop-and-toss, or backtracking on borrowing for operations are planned in the Chicago mayor’s budget fix.

The agencies aren't concerned about the ongoing strike, but the final contract will determine if Chicago Public Schools continues its slow rating progress.

The municipal market will scrutinize the impact of the ultimate contract deal on the school district's books and the city's fiscal burdens.

The state will take competitive bids on $750 million of general obligation bonds next month.

As a decision looms on Preston Hollow's antitrust accusations against Nuveen, the case's judge approved moving a dismissed claim to another court.

The proposed 2020 Cook County spending plan comes ahead of Chicago's budget that must tackle a more than $800 million gap.

J.B. Pritzker wants lawmakers to pool the assets of hundreds of local public safety pension funds outside Chicago into two statewide funds.

Moody's Investors Service cut OSF Healthcare System to A3 from A2.

Spending and economic strains loom as challenges for the state government, S&P Global Ratings’ Carol Spain said in a recent presentation.

The Securities and Exchange Commission is seeking comment on exemptive relief for municipal advisors in some activities in private placement deals, eliciting fierce resistance from broker-dealer groups.

The fund is seeking to collect $1.8 million of the city's state-transferred tax funds to make up for claimed contribution shortfalls.