City of Chicago, IL

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.

Chicago postponed the sale of about $292 million of tax-exempt bonds from an $800 million general obligation bond deal.

Chicago returns to market March 10 with $800.29 million of general obligation bonds, following bond rating downgrades from Fitch Ratings and KBRA.

KBRA and Fitch Ratings downgraded Chicago's general obligation bonds to BBB-plus from A-minus on Wednesday, and both kept their rating outlooks at negative.

Chicago Mayor Brandon Johnson has chosen Assistant Finance Commissioner Steven Mahr as the city's acting chief financial officer, two sources confirmed.

Wells Fargo Securities will price for the Chicago Transit Authority $575 million of first and second lien sales tax receipts bonds on Thursday, Feb. 5.

Chicago general obligation bond prices have dropped sharply since the start of the year, according to the Center for Municipal Finance's muni indices.

After Mayor Brandon Johnson split the city's $260 million advance pension payment, more than 30 aldermen introduced a resolution calling for a special hearing.

Chicago Chief Financial Officer Jill Jaworski will join the nonprofit that controls Navy Pier.

Chicago's city council passed its alternative budget over the weekend. Mayor Brandon Johnson hates it, but said he would not veto it.

A vote Wednesday by Chicago's city council would speed up budget hearings and signals that a majority of alders may go their own way on the budget.

The county treasurer's new report describing large hikes in Chicago residential tax bills effectively takes property tax hikes off the table for the city.

Chicago went to market Wednesday with $454.37 million of STSC refunding bonds, amid heated budget talks. Goldman took down $75 million of the bonds.

Chicago Mayor Brandon Johnson is seeking City Council approval of $1.8 billion in new money general obligation bonds and $2 billion in refunding authority.

Chicago homeowners face a record property tax hike after the city's downtown office buildings and other commercial real estate values fell again.

The airport's sprawling capital improvement program is expected to total $11.5 billion over the next decade, $9 billion of it bond funded.

S&P revised Chicago's outlook to negative from stable and affirmed its BBB rating on the city's outstanding general obligation debt.

Illinois' General Assembly passed a bill that provides both governance reforms sought by lawmakers and funding to avert a Chicago transit fiscal cliff.

Mayor Brandon Johnson released to City Council a report from accounting firm Ernst & Young with recommendations for closing the city's structural budget gap.