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In the first half of 2024, winding-down federal aid, a resurgence of Build America Bond refundings and election uncertainty have contributed to the surge in issuance, said James Welch, a portfolio manager at Principal Asset Management.
June 28 -
Convention centers in Chicago, Cincinnati and St. Louis are being upgraded, although cost increases after the pandemic added challenges to some financings.
June 26 -
Louis English joined Janney Montgomery Scott as managing director and head of municipal sales in the fixed-income division, based out of the Chicago office.
June 14 -
J.B. Pritzker on Wednesday signed Illinois' $53.1 billion fiscal year 2025 budget, which includes $198 million for the rainy day fund, among other things.
June 7 -
The center, at the University of Chicago's Harris School of Public Policy, added six people with municipal finance experience to its board of advisors.
June 6 -
Moody's Ratings analysts revised the outlook to stable from negative on the expectation that states and locals will fill an $8 billion operations funding gap.
June 5 -
May volume "surprised on the high end and it has been one of the fastest starts to the year historically," said James Pruskowski, chief investment officer at 16Rock Asset Management.
May 31 -
S&P Global Ratings revised the outlook on bonds issued for the University of Chicago Medical Center to negative from stable.
May 29 -
Mayor Brandon Johnson and Chicago's finance team talked up the Windy City's economy and talked up bond sale plans at an event for municipal bond investors.
May 22 -
Fitch said Illinois has to resolve questions on Tier 2 pension benefits, and fixing Tier 2's failure to meet IRS safe harbor provisions would be credit neutral.
May 21