Pennsylvania's budget impasse has surpassed four months. Local governments and schools that rely on state funds are getting frustrated.
Next week's issuance is slated to be "substantial" — an estimated $13.1 billion — although that is expected to be met with "solid" November reinvestment capital, J.P. Morgan strategists said.
States have spent weeks preparing for how they would cover the $8 billion shortfall in food stamps for the month of November.
The rating agency expects the school to post an operating deficit this year.
City Manager Oliver Chi unveiled a plan to invest $60 million to change the city's current trajectory.
"Illinois is just pure mismanagement," Ryan Frost, managing director of the Reason Foundation's Pension Integrity Project, said.
