Pension obligation bond

The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.

State Rep. Jonathan Steinberg and EisnerAmper's Michael Imber discuss the recommendations of the Connecticut Pension Sustainability Commission, including asset transfers. Paul Burton hosts.

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.

J.B. Pritzker unveiled a $38.9 billion budget that relies on new taxes and borrowing.

Illinois would also use asset transfers, supplemental contributions and a buyout program in the governor's plan to deal with $133.7 billion of unfunded liabilities.

The podcast series moves on location to The Bond Buyer's National Outlook Conference on New York, where Alan Rubin of Blank Rome and Michael Imber of EisnerAmper weigh in on resilience financing and pension funding, respectively. Paul Burton hosts.

Moody's dropped to Caa3 a pool of pension obligation bonds likely to be dragged down by wildfire damage to Paradise, California.

Despite the many factors pulling against our market including slowing GDP and trade uncertainty, Christopher Mier, CFA of Loop Capital, remains optimistic on the municipal market. He see upgrades outpacing downgrades and is looking for stable returns in the state and local sectors. He even has hopes for improvements in Illinois post election and believes that P3s and OPEB bonds may see more activity. John Hallacy is host.

How the Bond Buyer covered the disasters and challenges of 2018.

Mayor Rahm Emanuel says his pension package offers a path to further stabilize city employees' pensions without burdening taxpayers.

Chicago would issue up to $10 billion of POBs under a proposal the mayor left to city council to decide.