Public pensions

The state's government now expects general fund revenues to decline 2.3% in the current fiscal year from the previous fiscal year.

Chicago Mayor Brandon Johnson's Financial Future Task Force released an interim report this week on Chicago's structurally imbalanced budget.

The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.

Fitch Ratings joined Moody's in upgrading Connecticut this week as the state prepares to sell $1.8 billion of general obligation bonds.

The Chicago Board of Education passed a balanced $10.26 billion budget that leaves the city government to pick up non-teacher pension contributions.

Paul Chatalas, director of capital markets for the state, said the six series of bonds drew "aggressive bids."

This year's portfolio growth will save the city $2.18 billion over the next five years, Comptroller Brad Lander said.

The city has promised to contribute $625 million to the stadium project. The team, owned by billionaire Shahid Khan, is to come up with $625 million of its own.

Record contributions from public employers made up for below-expectation investment returns, according to a report published by the the Equable Institute.

The U.S. territory is struggling with debt and pension liabilities as its economy remains weak and federal aid is cut back.