Illinois

Preston Hollow's accusations against Nuveen of bully tactics underscore the cutthroat competition for market share.

In his waning days, Chicago Mayor Rahm Emanuel won approval for several development projects and a new money GO issue.

Chicago's CFO says investor outreach will stress fiscal controls that make it difficult for the city to backslide on its progress under Rahm Emanuel.

The market appeared to move after Gov. J.B. Pritzker announced a rate structure for his graduated state income tax proposal.

New York, Chicago and Los Angeles, with disparate challenges, set the tone for effective planning, said Kroll.

Debate now begins in earnest on the governor's plan to change the state constitution to allow graduated income tax rates.

A hearing officer and a Circuit Court judge concluded Illinois failed to prove accusations of securities violations against Calvin Grigsby.

J.B. Pritzker will defend his fiscal 2020 budget and pension proposals as well as his gamble on waiting for voters to approve graduated income tax rates.

The next mayor will be under pressure on pension funding, labor contracts and economics, S&P Global Ratings said.

In an historic election result, two African-American women will face off in a runoff election to become the next mayor of Chicago. Yvette Shields talks with Chip Barnett about what this means for the municipal bond market and why it matters to bondholders.

Lori Lightfoot, in her first race for elective office, will face Toni Preckwinkle, the Cook County board president, in an April 2 runoff.

The state's BBB Fitch rating is at risk of a downgrade if lawmakers adopt Gov. J.B. Pritzker's proposed fiscal 2020 budget.

Refunding volume in the Midwest was down 57% in 2018, while new money deals rose just 1.8%, leaving the region down more than 28%.

Gov. J.B. Pritzker’s “bridge” budget would reduce the state's immediate pension contributions, and assumes voters will approve income tax changes in 2020.

J.B. Pritzker unveiled a $38.9 billion budget that relies on new taxes and borrowing.

Illinois would also use asset transfers, supplemental contributions and a buyout program in the governor's plan to deal with $133.7 billion of unfunded liabilities.

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.