Illinois

Municipal bond buyers are taking a second look at new issues with 3% and 4% coupons against a backdrop of what has been a strong traditional preference for 5% bonds.

Investor confusion about Harvey, Illinois, and a local library district contributed to a municipal advisor and broker-dealer facing Securities and Exchange Commission charges in a bond offering gone wrong.

The city expects to save about $22 million in fiscal year 2020 from terminating the programs, Mayor Lori Lightfoot said on Thursday.

A progressive income tax may not boost the state's near-junk rating unless revenue is used to address the pension problem.

Better Housing Foundation defaulted on $84 million of bonds and lacks funds to maintain the properties.

Submissions are now open for the Bond Buyer’s fourth class of Rising Stars, an honor which showcases the brightest young minds in the municipal bond industry.

Cook County, Illinois president says new taxes or fees are on table to close the shortfall.

The new Chicago mayor traveled to New York City this week for a series of "meet-and-greets" with political and financial players.

Citing new uncertainties surrounding revenue credits, Moody's downgraded the Illinois State Toll Highway Authority ahead of a $300 million deal.

The junk-rated district's latest cash flow issue was nearly eight times oversubscribed as it trimmed rates substantially from previous sales.

Moody's is bullish on the state's budget and capital bills, less so on gambling expansion and recreational marijuana

New Mayor Lori Lightfoot shows a commitment to maintaining investor relations that helps the city's access to the bond market

The court put off a formal ruling for 10 days but made clear it expects to lift the confidentiality seal on bank transcripts with only limited redactions.

The troubles of the Better Housing Foundation bonds had been flagged in earlier rating downgrades and disclosure statements.

Deputy Governor Dan Hynes says the recent legislative session put the state on an "upward trajectory," but underfunded pensions dog the state.

Rating criteria changes and a ruling in the Puerto Rico III case have undermined some investors' and analysts' confidence in revenue pledges.

A judge denied Chicago's request for a restraining order to stop the state comptroller from intercepting state grant money on behalf of city pension funds.

New revenue and fewer one-shot revenue solutions make the fiscal 2020 budget more acceptable to analysts, but dark long-term clouds remain.

Lawmakers authorized more than $23 billion of borrowing and approved a $45 billion six-year capital plan.

The General Assembly is sending a Constitutional amendment to voters for the measure that would raise $3 billion annually.