City of Chicago, IL

Chicago now expects to bank $215 million in upfront debt refinancing savings from a bond refinancing it expects late this year or early next.

The junk-rated school district revised its fiscal 2020 budget to reflect the contract that ended a teachers' strike, but long-term questions remain.

The Chicago Park District would phase in actuarially determined pension payments under a funding plan that still needs state legislative approval.

Illinois lawmakers wrapped up the first half of their annual fall veto session leaving tough legislation for the second half, beginning Nov. 12.

Though the market may view Chicago's budget as heading in the right direction, relying on the state is a gamble that's a concern for aldermen, too.

Mayor Lori Lightfoot needs to achieve her 2022 target of structurally balancing the city’s books to preserve Chicago's BBB-plus rating, S&P said.

Lori Lightfoot would close an $838 million gap with a mix of permanent and one-time maneuvers including new taxes, spending cuts and debt restructuring.

llinois paper is looking more attractive when held up to Chicago city and Chicago Public Schools bonds, Citi analysts write.

No pension obligation bonds, scoop-and-toss, or backtracking on borrowing for operations are planned in the Chicago mayor’s budget fix.

Reports from S&P Global Ratings and Moody's Investors Service highlight fiscal strains Chicago, Illinois and some local governments face.

More than 300 market participants, including 100 investors, attended the city's annual conference Friday to hear from Mayor Lori Lightfoot.

The latest garnishment request comes as a task force on downstate and suburban public safety fund consolidation nears recommendations.

Mayor Lori Lightfoot's administration faces an $838 million budget gap as the city prepares to host investors at its annual buyside conference Friday.

City tours, panel discussions, and remarks from the mayor and chief financial officer are planned.

Chicago says its met its obligations under the state pension code; all four of its pension funds have filed shortfall claims with the state.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

Lori Lightfoot is eyeing new taxes, debt refinancing, and state action to help close a $838 million gap.

Lori Lightfoot's Aug. 29 speech comes one month ahead of the city's annual investors' conference.

Chicago’s long-standing effort to host and profit from a casino will require a legislative makeover to attract financing, a report said.

The review of the final credit, Chicago's senior-lien water bonds, was resolved when the bonds were defeased.