City of Chicago, IL

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.

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.