Illinois

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.

Mayor Lori Lightfoot called on Edward Burke, the former finance committee chair, to resign from city council after new federal corruption indictments.

Scott Waguespack will chair the committee that vets city bond deals and other financial transactions.

Illinois lawmakers gave first-year Gov. J.B. Pritzker a victory on a cornerstone of his fiscal plan for the troubled state.

The tapes, according to Preston Hollow, demonstrate the success of Nuveen's strong-arm tactics to protect its high-yield market share.

At stake is an estimated $880 billion in annual federal funding from 300 programs that use census data to distribute funds.

The developer of the proposed $20 billion One Chicago project is seeking state subsidies as part of a P3 deal.

Capital Markets Director Kelly Hutchinson has returned to private sector after more than three years managing state debt issuance.

Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.

The measure, backed by Gov. J.B. Pritzker, cleared the House Revenue and Finance Committee on a party-line vote.

The mayor took the oath of office Monday and faces decisions soon about how to handle unfunded pension liabilities along with rising debt service and labor costs.