Board of Education of the City of Chicago

S&P Global Ratings upgraded Chicago Public Schools to BB-minus from B-plus, and Fitch Ratings upgraded it to BB from BB-minus, ahead of a $369 million deal.

The district wants to spend $619 million on local school projects, with another $191 million dependent on state funding.

The refunding would be completed “for traditional savings” and not for restructuring purposes, the school district says.

Chicago Mayor Lori Lightfoot, her finance team, and sister agencies will provide in-person fiscal updates at the city's annual investors' conference.

The junk-rated district's latest cash flow issue was nearly eight times oversubscribed as it trimmed rates substantially from previous sales.

Moody's is bullish on the state's budget and capital bills, less so on gambling expansion and recreational marijuana

Jennie Huang Bennett is seen as the front-runner as the municipal bond market awaits the Chicago mayor-elect's fiscal picks.

Attorney Lori Lightfoot will become the city's first African American woman mayor when she takes office on May 20.

A boost in state funding and higher local property valuations lifted school districts' finances, according to the Illinois State Board of Education.

In an historic election result, two African-American women will face off in a runoff election to become the next mayor of Chicago. Yvette Shields talks with Chip Barnett about what this means for the municipal bond market and why it matters to bondholders.