City of Chicago, IL

The Illinois governor says the state, with its low ratings, is in no position to absorb its largest city's massive pension liabilities.

The city expects to save about $22 million in fiscal year 2020 from terminating the programs, Mayor Lori Lightfoot said on Thursday.

The new Chicago mayor traveled to New York City this week for a series of "meet-and-greets" with political and financial players.

Moody's is bullish on the state's budget and capital bills, less so on gambling expansion and recreational marijuana

New Mayor Lori Lightfoot shows a commitment to maintaining investor relations that helps the city's access to the bond market

A judge denied Chicago's request for a restraining order to stop the state comptroller from intercepting state grant money on behalf of city pension funds.

Mayor Lori Lightfoot called on Edward Burke, the former finance committee chair, to resign from city council after new federal corruption indictments.

Scott Waguespack will chair the committee that vets city bond deals and other financial transactions.

The developer of the proposed $20 billion One Chicago project is seeking state subsidies as part of a P3 deal.

The mayor took the oath of office Monday and faces decisions soon about how to handle unfunded pension liabilities along with rising debt service and labor costs.

Incoming CFO Jennie Huang Bennett and budget director Susie Park arrive as the city warns that pension contributions may rise more than previously projected.

Moody's put the Illinois State Toll Highway Authority's A3 rating on review for a downgrade in the wake of the Puerto Rico ruling.

Chicago and its pension funds dispute whether the city is meeting its obligations; the city says the state comptroller is too quick to believe the funds.

Jennie Huang Bennett is seen as the front-runner as the municipal bond market awaits the Chicago mayor-elect's fiscal picks.

Mayor-elect Lori Lightfoot opted not to try to block votes on controversial subsidies that could top $2 billion for two economic development projects.

Lori Lightfoot picked Jeffrey Bethke to help address the city's pension and budget demands when she takes the helm next month.

Advocates are pressing for more than a pork-filled package, with reforms and sustainable funding sources, too.

The Illinois Finance Authority says one green investor snapped up a piece of deal during retail order period.

Attorney Lori Lightfoot will become the city's first African American woman mayor when she takes office on May 20.

Municipal bond volume will fall to $5.5 billion in the upcoming week, with green deals from Illinois and Arizona.