City of Chicago, IL

Chicago made the second half of its supplemental pension payment, fulfilling a budgetary pledge and assuaging concerns of aldermen and rating agencies.

Chicago will be a regional water supplier, and its water could draw the next Great Migration, Department of Water Management Commissioner Randy Conner said.

The incoming Bond Buyer Hall of Famer combined legal training, investment banking and financial advisory experience to solve complex financings — and used that range to help develop the industry's next generation.

The incoming Bond Buyer Hall of Famer spent nearly 50 years pairing legal expertise with advocacy, deal structuring and legislative problem-solving to help issuers navigate risks and expand their financing options.

The incoming Bond Buyer Hall of Famer helped drive stronger disclosure, pioneer electronic credit research and broaden the information analysts use to assess risk.

Chicago's projected FY2027 was down $283.9 million from the $1.2 billion estimate in last year's budget forecast.

Rating analysts are tracking the potential departure of the DuPage Water Commission, the largest wholesale customer of Chicago's water enterprise.

Chicago will make the second half of its advance pension payment this year, Mayor Brandon Johnson told the Chicago Investors Conference.

Chicago Mayor Brandon Johnson appointed Ashlee Gabrysch, formerly senior director at Fitch Ratings, to serve as chief financial officer.

Budget Director Annette Guzman left her role Monday, Chicago Mayor Brandon Johnson said, in the latest high-profile finance departure from his administration.

The Chicago Board of Education passed an amended fiscal year 2027 budget Thursday that assumes $150 million in additional funding from the state.

Acting Chief Financial Officer Steven Mahr and Deputy CFO Noor Shaikh left Chicago Mayor Brandon Johnson's administration as internal battles became public.

Chicago will fund new infrastructure for The 78, the mixed-use development around the new Chicago Fire soccer stadium, after the City Council advanced the deal.

A battle over implementation of Chicago's budget became public Thursday after Mayor Brandon Johnson's team held a midyear hearing.

Chicago had a $219 million surplus at fiscal year's end 2025, despite declines in governmental activities' net position and in investments after moves to boost liquidity.

Stonepeak Partners will pay $2.5 billion to buy the remainder of the lease of Chicago's parking meters. The 2008 lease runs through 2084.

Illinois Comptroller Susana Mendoza announced her candidacy for mayor of Chicago last week, pledging "to respect the taxpayer dollar and stretch its value."

A federal judge ruled Cook County, Illinois, is liable for contitutional violations of homeowners' rights by stripping them of equity in delinquent tax sales.

Three University of Chicago public policy graduate students devised a Stadium Securitization Corporation, modeled after Chicago's Sales Tax Securitization Corp.

Chicago will issue $875 million of second lien water revenue bonds in a deal with a possible tender component, Acting CFO Steven Mahr said.