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Illinois lawmakers overhauled the proposed Chicago casino tax structure and awarded MPEA more flexibility to deal with its fiscal woes.
May 27 -
Chicago officials, who present a budget in October, are reviewing scenarios that consider how long shutdowns remain in place and what happens afterward.
May 19 -
Weak investment returns, assumption changes, and low contributions pushed up the cumulative unfunded liabilities of 11 local government pension funds.
May 5 -
Chicago’s motor fuel bonds, the city’s park district, and Cook County suffered rating or outlook cuts this week.
May 1 -
S&P Global Ratings changed its outlook on Chicago's BBB-plus rating to negative citing financial strains caused by the pandemic.
April 28 -
A new mayoral task force will work on Chicago's economic recovery effort as the city's finance team continues to assess the damage.
April 23 -
Chicago Mayor Lori Lightfoot says city hopes for additional federal help and won't dip into reserves or push off pension payments to manage through coronavirus-induced economic turmoil.
April 10 -
Lori Lightfoot's confident statements about the city's fiscal resilience aren't wholeheartedly shared by the muni buy-side as the coronavirus hurts the economy.
April 3 -
Smith, who headed the restructuring practice at Chicago-based McDermott Will & Emery, worked on nearly every major muni bankruptcy of the past 20 years.
March 26 -
The city and state haven't put dollar amounts on what they need but both were already facing budget and pension stresses before the public health crisis struck.
March 20