Illinois

Chicago will bring to market $1 billion of bonds for O'Hare International Airport, part one of a three-phase financing plan for 2024.

Dolton's unfunded expenditures have soared since 2021, resulting in a negative $3.65 million balance in its general fund, Lori Lightfoot told village trustees.

Fitch upgraded Chicago's issuer default rating and GO debt rating to A-minus from BBB-plus and the city's sales tax securitization bonds to AAA from AA-plus.

The Chicago Public Schools board unanimously approved the district's 2025 budget Thursday, a day after the Civic Federation warned it is a "temporary solution."

First Eagle Investments has hired Purva Patel, based in Chicago, as managing director and senior investment specialist on its high-yield municipal credit team.

Chicago Transit Authority CFO and Treasurer Jeremy Fine is leaving the agency, CTA President Dorval Carter, Jr., announced.

Fiduciary responsibilities and politics are keeping the ESG debate alive in public finance.

Officials in East St. Louis, Illinois, sued the local police and firefighter pension boards and the state comptroller to block the use of an intercept law.

Detroit-based international law firm Miller Canfield has hired five public finance attorneys from Ice Miller. All five will join the firm's Chicago office.

Unfunded public pension liabilities have dropped more than 60%, or $3 trillion, from the peak in 2020, according to a new Moody's Ratings report.