City of Chicago, IL

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.

Chicago and Illinois poured more than $1 billion of their high-yielding, low-investment-grade rated GO paper into the market on the same day.

Deals from the NYC TFA, Chicago, Illinois, California, Maryland and Miami-Dade County help satisfy demand.

Almost $9 billion of municipal bonds are coming to market with deals from a variety of issuers to quench the thirst of buyers experiencing a supply drought.

The city will bring $700 million of GO bonds in a tight window after an Illinois deal and before the city's mayoral runoff election.

Municipal bond market participants will be waiting for the Fed's decision on rates and the look ahead.

In his waning days, Chicago Mayor Rahm Emanuel won approval for several development projects and a new money GO issue.

Chicago's CFO says investor outreach will stress fiscal controls that make it difficult for the city to backslide on its progress under Rahm Emanuel.

New York, Chicago and Los Angeles, with disparate challenges, set the tone for effective planning, said Kroll.

The next mayor will be under pressure on pension funding, labor contracts and economics, S&P Global Ratings said.