Illinois

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.

Lori Lightfoot's Aug. 29 speech comes one month ahead of the city's annual investors' conference.

Jack D. Davis II will decide by the end of the month whether to let the lawsuit challenging $14.3 billion of state debt proceed.

Chicago’s long-standing effort to host and profit from a casino will require a legislative makeover to attract financing, a report said.

Paul Chatalas, who has both a public finance and public policy background, took over as capital markets director Tuesday.

Nuveen and AllianceBernstein say Warlander Asset Management may be using the lawsuit to generate an "enormous profit" from credit default swaps.

The review of the final credit, Chicago's senior-lien water bonds, was resolved when the bonds were defeased.

The district wants to spend $619 million on local school projects, with another $191 million dependent on state funding.

The Civic Federation endorsed the system's 2020 budget but raised concerns over the community college system's long-term fiscal outlook.

Downstate and suburban Illinois public safety pension fund consolidation is the subject of much talk and possible future action

Market concerns about Illinois volatility may ease with Fitch's outlook shift to stable from negative.