State of Illinois

Petitioner John Tillman Wednesday appealed the August circuit court ruling barring his taxpayer complaint challenging repayment of the bonds.

The state will pool the assets of 650 public safety pension funds outside Chicago into two new funds: one for police and one for firefighters.

Illinois’ competitive $750 million general obligation issue proved an easy sell with tight cover bids.

Investors downed a deluge of munis in what so far is living up to the billing of the busiest week of the year.

The unfunded liabilities rose to $137 billion in fiscal 2019 from $134 billion, and the state will have to contribute $600 million more in fiscal 2021.

Municipals weakened along with Treasuries as stocks surged amid good earnings reports and economic data.

Taxables in full force once again; yield seekers have Illinois.

After seeing a whopping $52 billion of new issuance in October, the new paper will continue to flood the market during the busiest week of the year.

Illinois Gov. J.B. Pritzker's administration says the forecast shows that Illinois needs to change its income tax structure.

Spending and economic strains loom as challenges for the state government, S&P Global Ratings’ Carol Spain said in a recent presentation.

William Glasgall, Senior Vice President and Director of State and Local Initiatives at the Volcker Alliance, sits down with Chip Barnett and Lynne Funk to talk about why states should bolster their rainy day funds.

Illinois Gov. J.B. Pritzker’s first-year administration is not yet ready to tinker with the state’s underwriting pool for negotiated municipal bond sales.

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

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

The state's GOs recovered by 20 basis points or more late Thursday and into Friday, but a promised appeal hangs over the credit.

There are no reasonable grounds for the lawsuit to proceed, said the order from Jack D. Davis II. An appeal is planned.

The state's net position worsened to negative $189.1 billion according to the CAFR, which arrived almost 14 months after fiscal 2018 ended.

The Illinois Sports Facilities Authority received a two-notch S&P Global Ratings upgrade to BBB.

Texas issues are headlining this week's slate of supply.

An Illinois circuit court judge will decide whether the case can proceed by the end of August.