Board of Education of the City of Chicago

Headwinds remain, despite the S&P upgrade, as the district warns of a $600 million gap once federal COVID-19 aid runs out with its governance poised to change.

The bond markets are witnessing a rare situation that could hinder spending on infrastructure projects around the country, said Amanda Hindlian, president of fixed income and data services at ICE.

Chicago's school district will tap its investment-grade dedicated capital improvement tax credit for the first time in five years in a $529 million deal.

While the legislation heading to Gov. J.B. Pritzker's desk will not affect CPS' rating in the short-term, the district's ability to manage labor conflict could affect credit quality over time, Fitch said.

A report digs into the fiscal "entanglements" between CPS and the city as the district moves from mayoral control to an elected school board.

CPS' federal windfall aided the district's fiscal progress with plans to use $700 million in the next budget before exhausting the pot in fiscal 2025.

Moody's raised the Chicago Board of Education's rating by one notch to Ba2.

The junk-rated Chicago Public Schools sold $872 million of new-money and refunding bonds into a rockier market for high-yield paper Thursday.

The primary led Thursday's firmer tone while Chicago schools faced 10 to 20 bp penalties compared to price talk, signifying investors are being more selective and demanding more in the new higher-yield range.

Chicago Public Schools returns to the market after resolving a union dispute that shuttered schools amid the spreading omicron COVID-19 variant.

Chicago Mayor Lori Lightfoot chose San Antonio schools superintendent and former CPS CFO Pedro Martinez to lead the district ahead of a major governance shift.

J.B. Pritzker signed legislation to move the Chicago Board of Education to an elected 21-member board from the seven-member panel now appointed by the mayor.

The district hopes to win back investment grade ratings by raising fund balances, a task that becomes harder after federal coronavirus relief is exhausted.

Federal aid boosts Chicago Public Schools as a sea change in governance looms with elected school board legislation awaiting the governor's signature.

The city and school district's financial "entanglements" will be the subject of an independent financial review due before the first elections are held.

Mayor Lori Lightfoot says she will keep fighting to reshape the legislation the state Senate approved this week to transition to a fully elected school board.

Illinois lawmakers head into the final stretch of spring session with negotiations underway on legislation that would alter Chicago Public Schools governance.

Change is afoot for CPS as its leader Janice Jackson is leaving and legislation stripping Chicago's mayor of full power to appoint CPS board members gains legislative momentum.

S&P raised CPS' junk rating by one notch, saying federal funds will boost an "already positive financial trajectory."

The junk-rated school district won an upgrade and saw its secondary bond market spreads narrow as it expects to pocket about $1.8 billion in new aid.