Illinois

City tours, panel discussions, and remarks from the mayor and chief financial officer are planned.

A new legal bulletin was requested by SEC Chair Jay Clayton after he observed lawyers noting that some platforms put financial disclosure under more scrutiny.

Chicago says its met its obligations under the state pension code; all four of its pension funds have filed shortfall claims with the state.

At a bond lawyer conference, lawyers said they've seen increased interest in self-reporting.

“The City of Harvey, through no fault of Comer’s and unrelated to Comer’s fiduciary obligations, tainted the district’s offering,” according to the defense.

PHC not seeking financial damages, instead wants permanent injunction to cease alleged conduct.

CPS sees spread penalties dwindle as market looks for yield and recognizes district's fiscal progress.

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

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.

Moody's upgraded the Lincoln-Way district, saying it has effected a fiscal turnaround after the management woes and investigations that sent it to junk in 2016.

An Illinois circuit court judge will decide whether the case can proceed by the end of August.