State of Illinois

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.

Jack D. Davis II will decide by the end of the month whether to let the lawsuit challenging $14.3 billion of state debt proceed.

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

Paul Chatalas, who has both a public finance and public policy background, took over as capital markets director Tuesday.

Nuveen and AllianceBernstein say Warlander Asset Management may be using the lawsuit to generate an "enormous profit" from credit default swaps.

The rating agency moved its outlook for Illinois to stable from negative, citing budget progress and an April tax windfall.

The complaint that seeks to void repayment of $14.3 billion of debt awaits a court decision on whether it can move forward.

Municipal bond buyers saw more supply come to market in Wednesday as retail investors kept up their confidence in tax-free bond funds.

The suit is "a policy paper masquerading as a complaint," the state says, but it may still push up Illinois' borrowing costs while it is active.