State of Illinois

Illinois is building a foundation to chip away at the state’s massive fiscal challenges, according to Deputy Governor Dan Hynes.

New-issue supply started to trickle into the market Monday, a thin stream that will turn into a torrent by week’s end.

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

Just under $7 billion of new-issue supply is on tap in the municipal primary market this week.

While the best case scenario is a court dismissal, analysts think the state would support bondholders should the case goes against them.

Deputy Governor Dan Hynes says the recent legislative session put the state on an "upward trajectory," but underfunded pensions dog the state.

New revenue and fewer one-shot revenue solutions make the fiscal 2020 budget more acceptable to analysts, but dark long-term clouds remain.

Lawmakers authorized more than $23 billion of borrowing and approved a $45 billion six-year capital plan.

The General Assembly is sending a Constitutional amendment to voters for the measure that would raise $3 billion annually.

Illinois lawmakers gave first-year Gov. J.B. Pritzker a victory on a cornerstone of his fiscal plan for the troubled state.

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

Capital Markets Director Kelly Hutchinson has returned to private sector after more than three years managing state debt issuance.

The measure, backed by Gov. J.B. Pritzker, cleared the House Revenue and Finance Committee on a party-line vote.

The 10 most populous U.S. states that levy income taxes all saw April revenue spikes, in many cases after missing projections in the previous months.

The governor's preliminary proposal relies on $17.8 billion of borrowing over six years.

The federation endorsed the plan only after Gov. J.B. Pritzker dropped plans for a partial pension funding holiday.

Illinois bonds are gaining ground in the secondary, supported by scant supply and recent fiscal developments viewed positively by investors and analysts.

Gov. J.B. Pritzker's about-face on re-amortizing to reduce next year's pension contribution is one less negative rating factor, agency analysts said.

The Pritzker administration says it can now afford to make the full originally scheduled pension contribution without re-amortizing the funding timetable.

A graduated income tax could lay the groundwork for Illinois to rebuild its credit quality — but only if done right, according to the rating agency.