The Rockford School District will ask voters on the November ballot to approve new borrowing to support a $311 million, 10-year capital program needed to upgrade aging schools.
The district wants to undertake more than $200 million worth of projects over the first five years of the program, including school additions, upgrades and land acquisition.
The upcoming referendum marks the largest ever sought by the Illinois school district, which is located about 90 miles northwest of Chicago.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.
