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Casino tax legislation is “credit positive” for the city, Moody's said; Fitch downgraded ratings for Chicago water, sewer and school district revenue bonds.July 20
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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
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Chicago’s net pension liabilities rose to $31.8 billion in 2019 from $30.1 billion.June 30
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Mayor Lori Lightfoot and her finance team warn that this year's budget gap is getting bigger, and that painful choices are coming without federal financial aid.June 9
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Illinois lawmakers overhauled the proposed Chicago casino tax structure and awarded MPEA more flexibility to deal with its fiscal woes.May 27
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Chicago officials, who present a budget in October, are reviewing scenarios that consider how long shutdowns remain in place and what happens afterward.May 19
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Weak investment returns, assumption changes, and low contributions pushed up the cumulative unfunded liabilities of 11 local government pension funds.May 5
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Chicago’s motor fuel bonds, the city’s park district, and Cook County suffered rating or outlook cuts this week.May 1
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S&P Global Ratings changed its outlook on Chicago's BBB-plus rating to negative citing financial strains caused by the pandemic.April 28
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A new mayoral task force will work on Chicago's economic recovery effort as the city's finance team continues to assess the damage.April 23
