Illinois

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

The Puerto Rico Oversight Board may have a stronger case to declare bonds invalid than the Illinois litigants did.

The state's GOs recovered by 20 basis points or more late Thursday and into Friday, but a promised appeal hangs over the credit.

Lori Lightfoot is eyeing new taxes, debt refinancing, and state action to help close a $838 million gap.

There are no reasonable grounds for the lawsuit to proceed, said the order from Jack D. Davis II. An appeal is planned.

The state's net position worsened to negative $189.1 billion according to the CAFR, which arrived almost 14 months after fiscal 2018 ended.

S&P Global Ratings upgraded Chicago Public Schools to BB-minus from B-plus, and Fitch Ratings upgraded it to BB from BB-minus, ahead of a $369 million deal.

Janicik helped build Mayer Brown's regulatory, government relations, public law and municipal finance practices; he's remembered for integrity and generosity.

The Illinois Sports Facilities Authority received a two-notch S&P Global Ratings upgrade to BBB.

Municipal bond issuers in the Midwest recorded a healthy year-over-year volume gain, in contrast to flat nationwide numbers.