Midwest

Public pension plans already received their 2020 funding by the time that the initial economic shock wave of the pandemic occurred.

Bond lawyer Rebecca Lawrence has joined Ballard Spahr

Illinois did not use its maximum amount of notes in the Fed program which could mean a possible expansion of eligibility for the muni program.

Illinois said Tuesday it signed an agreement for the Municipal Liquidity Facility to purchase its one-year certificates. Closing is expected Friday.

The Wisconsin Center District deal provides some expansion financing and near-term debt relief after the agency was stung by lost conventions and tax revenue.

The collapse of the mergers comes as the not-for-profit healthcare sector confronts direct and indirect challenges drive by COVID-19.

The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.

Moody’s Investors service downgraded the archdiocese to Baa1 from A1.

The Evanston, Illinois-based university will offer $300 million of taxable debt as soon as Wednesday after losing its gilt-edged rating status.

Chicago officials, who present a budget in October, are reviewing scenarios that consider how long shutdowns remain in place and what happens afterward.