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Fitch joined Kroll and Moody's in moving Chicago's outlook to stable from negative as City Council prepares to vote on a budget and $4.4 billion in borrowing.
October 26 -
The full Chicago City Council will cast a final vote on a $4.4 billion bonding authorization and 2022 budget in the coming days.
October 22 -
Chicago Mayor Lori Lightfoot's finance team laid out plans to tap more than half of $9 billion of existing and proposed borrowing authority through 2022 to refinance debt for savings and fund infrastructure and pandemic recovery efforts.
October 14 -
Mayor Lori Lightfoot wants to use $1.3 billion of the city's $1.9 billion in coronavirus relief aid to make up for lost revenues.
September 21 -
Some Chicago council members questioned Mayor Lori Lightfoot's plans to use federal funds to back off scoop-and-toss restructuring plans with the demand so high for more social and human services and anti-crime spending.
September 2 -
Kroll Bond Rating Agency also affirmed the city’s general obligation bond rating at A.
August 24 -
Refinancing savings and federal relief will fill Chicago's $1 billion 2021 hole while the city ponders how to erase a $733 million gap next year as its budget takes shape.
August 12 -
Chicago is accepting underwriter qualifications as it updates its investment banking pool; it also delayed the bidding deadline for potential casino developers.
August 10 -
Federal relief and rising revenues drew a change in outlook from Moody's to stable from negative, but Moody's remains the only agency to rate Chicago at junk.
July 27 -
Chicago is looking for a financial advisor to help it assess casino development proposals due next month.
July 16