Pension obligation bond

The GOP proposal would slow down the full funding of the closed pension system, using annual savings for roads.

The plan would have the state issue $10 billion of pension obligation bonds to create annual budget savings to fund road repairs.

Without a successful appeal, Employees Retirement System bondholders won't get their bond payments during the bankruptcy.

The number of states aiding school districts with pension costs is expected to grow as pension burdens escalate.

Attorney Lori Lightfoot will become the city's first African American woman mayor when she takes office on May 20.

Bond Buyer Northeast Regional Editor Paul Burton explores the state's hot-button issues including pension liability and tolling. Chip Barnett hosts.

Shawn Wooden expects his proposal to fix to state teachers’ pension system to kick-start an agenda that includes infrastructure, improved returns and financial literacy.

In an historic election result, two African-American women will face off in a runoff election to become the next mayor of Chicago. Yvette Shields talks with Chip Barnett about what this means for the municipal bond market and why it matters to bondholders.

Lori Lightfoot, in her first race for elective office, will face Toni Preckwinkle, the Cook County board president, in an April 2 runoff.

Gov. J.B. Pritzker’s “bridge” budget would reduce the state's immediate pension contributions, and assumes voters will approve income tax changes in 2020.