City of Chicago, IL

Municipal bond supply takes a leap forward next week as Chicago’s Sales Tax Securitization Corp.’s $1.31 billion deal headlines the new issue calendar.

Financial institutions and other businesses with ties to the kingdom would face a ban on doing business with Chicago under a proposed ordinance.

The 50 City Council members will ultimately have to sign off on new revenue needed to achieve actuarial funding.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.

The city is also considering its first general obligation bond issue since 2017.

Rahm Emanuel, who is not seeking re-election, offered a budget with no tax increases or answers to long-term pension funding questions.

Pension obligation bonds won't be in the mayor's budget plan, and rising rates are making it harder for a deal to pencil out.

An asset transfer that links a revenue-producing asset to public pension funds may provide long-term solutions to poorly funded systems.

Candidates in the mayoral and governor's races acknowledge daunting pension burdens without offering concrete solutions.

State Comptroller Susana Mendoza blames Gov. Bruce Rauner for the two-year budget impasse, which she called a "man-made calamity." Paul Burton and Chip Barnett host.

The district will bring $75 million of new money and refunding bonds to market.

Thefirefighters' pension fund says Chicago shorted it $3.3 million, and wants to use an Illinois law to intercept state grant funds.

A $10 billion POB deal would be a tougher sell now that Rahm Emanuel has said he won't seek another term.

The short-end of the municipal bond market is rich relative to U.S. Treasury and corporate bonds, says J.R. Rieger.

Las Vegas Convention and Visitors Authority’s $500 million offering tops the week's muni tote board.

Weekly bond volume is forecast to jump to $6.3 billion from a revised total of $2.3 billion this week.

Mayor Rahm Emanuel on Tuesday said he will not seek re-election next year.

The Rahm Emanuel administration told aldermen that a POB could save $6 billion and ease future tax and fee hikes.

Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

Volume was off in eight of the region's 11 states in the wake of tax reform and the end of advance refundings.