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Mayor Lori Lightfoot's budget plan strikes the right balance between structural and one-time measures amid the coronavirus, says Jennie Huang Bennett.
November 13 -
Mayor Lori Lightfoot must manage demands from aldermen without damaging the city's ratings or investor sentiments on a coronavirus-driven budget with few fans.
October 27 -
Refinancing and restructuring debt plays prominently in the city's budget plans
October 21 -
Chicago is eyeing its second GO refinancing of the year, with savings expected to help chip away at the 2020 coronavirus-driven budget hole.
July 7 -
S&P cut its outlook on Berwyn, Illinois, GO and securitization bonds to negative over risks posed by the pandemic-induced economic shutdown and recession.
June 10 -
Chicago Mayor Lori Lightfoot's administration is stressing the city's improved liquidity and jolt of refinancing savings provide a cushion to manage the near-term tax losses.
March 16 -
Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.
January 17 -
On heels of a successful GO deal on Wednesday, the market was hit with more Chicago paper as the city's STSC deal saw ample demand.
January 16 -
Chicago GOs were upsized and repriced on Wednesday to bump yields as indications of interest were taken on the Sales Tax Securitization sale.
January 15 -
Both the senior and the new second lien of Chicago's Sales Tax Securities Corp. are now rated AA-minus.
January 15