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The legislation impacts Chicago fire pensions, but it's stirring debate over costly fixes needed statewide to avoid running afoul of Social Security rules.
May 16
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The county began exploring a new facility eight years ago. Studies concluded the current facility was ill-equipped to deal with overcrowding, in poor physical condition and its design fell short of current standards.
May 15
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The system's turnaround efforts include using proceeds of a proposed $710 million deal to sell hospice and home health assets to pay off direct placement debt.
May 15
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Illinois trimmed revenue estimates for the current fiscal year and must absorb higher social services expenses next year leaving less budget room to maneuver.
May 12
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The choice of PFM's Jill Jaworski for the CFO position drew praise from the outgoing CFO and market participants who are watching closely to see whether the city stays on track with fiscal progress that has drawn more than a dozen rating upgrades across credits.
May 11
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Chicago Mayor-elect Brandon Johnson hopes to make an announcement on the CFO post before taking office Monday.
May 10
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The acrimonious relationship between the university and its private partner has spilled into the courts and underscores that P3 deals don't remove all risks.
May 9
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The city north of Detroit says it can't afford to make good on a $24 million debt owed to the Great Lakes Water Authority and in the absence of state help has raised state-approved bankruptcy as an option.
May 5
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Legislation making its way through the state legislature enhances pension benefits for Tier 2 Chicago firefighters but the Civic Federation is urging lawmakers to slow down.
May 4
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"The SLGS window closed after we released the pre-marketing wire and had already signed off on the cashflows," which assumed the use of SLGS, city Auditor Megan Kilgore said. "I've had the SLGS window close the same week, even within a day or two of pricing, but not without any advance notice."
May 3
