Illinois

The federation issued its suggested budget roadmap Wednesday, ahead of Gov. J.B. Pritzker's first budget release.

Governance and economics, rather than cutting benefits, are increasingly seen as key to solving pension funding woes.

The ideas are emerging as focal points in Gov. J.B. Pritzker’s search for solutions to the state's pension underfunding.

An asset transfer and payment restructuring were offered to Gov. J.B. Pritzker as ideas for part of a pension fix.

Deep fiscal strains weigh on the district's efforts to claw its way back to investment grade.

The Civic Committee of the Commercial Club of Chicago says its plan would put the state on path to fiscal solvency and double-A ratings.

A new report from the state comptroller lays out budget strains that weigh on the backlog despite strong revenue numbers.

The merger of Catholic Health Initiatives and Dignity Health creates a Chicago-based nonprofit healthcare system with $10 billion in debt and operations in 21 states.

Weaker operating results led S&P Global Ratings to lower its outlook for the Evanston, Illinois-based university.

A lawsuit alleging fraud accusing banks and broker-dealers of fraud in the variable-rate demand obligation market will proceed, an Illinois judge ruled.

Shields, fired by Wells Fargo in December, joined Loop Capital Markets LLC as a managing director this week.

The courts will decide whether the city must make up shortfalls in tax levy collections to cover the pension contributions.

Palos Health signed a letter of intent to explore joining Loyola Health, which is owned by nonprofit healthcare giant Trinity Health.

Mayor Rahm Emanuel's administration is interested in a similar structure for a pension obligation bond.

J.B. Pritzker's challenges as Illinois governor include low bond ratings, structural deficits and underfunded pensions.

Three lawsuits claiming fraud in the variable-rate demand obligation market are headed toward key court rulings in coming weeks.

Illinois and Chicago will be this week's headliners as the state comes under new leadership while the city sells the biggest municipal bond deal of the week — a $551 million offering from the Sales Tax Securitization Corp.

The $551 million issue wraps up a nearly $3 billion program; $7.7 billion of proposed pension obligation bonds rely on similar structure

The public accounting and advisory firm moves into the municipal advisor space by combining with Springsted, Inc. and Umbaugh and Associates.

The General Assembly canceled the terms of Illinois State Toll Highway Authority board members, allowing Gov.-elect J.B. Pritzker to make his own picks.