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The choice of PFM's Jill Jaworski for the CFO position drew praise from the outgoing CFO and market participants who are watching closely to see whether the city stays on track with fiscal progress that has drawn more than a dozen rating upgrades across credits.
May 11 -
Chicago Mayor-elect Brandon Johnson hopes to make an announcement on the CFO post before taking office Monday.
May 10 -
Legislation making its way through the state legislature enhances pension benefits for Tier 2 Chicago firefighters but the Civic Federation is urging lawmakers to slow down.
May 4 -
Chicago Mayor Lori Lightfoot and Texas Gov. Greg Abbott traded barbs over the flow of migrants as the city has been overwhelmed since Texas began sending them on to Chicago last August.
May 2 -
The city is offering more than $1 billion of debt under its higher-rated Sales Tax Securitization Corp., and its water and wastewater revenue credits.
May 1 -
"Investors' jitters in the lead up to next week's Fed meeting resulted in some large macro market moves and a rise in volatility," noted BofA Securities strategists in a weekly report.
April 28 -
Transition committee members include several names familiar to the public finance community including Martin Cabrera, head of Cabrera Capital Markets, a majority Latino-owned investment banking firm, and Richard Price, executive chairman of Mesirow, which also does public finance banking.
April 27 -
Chicago outgoing mayor offered a parting shot against pending state legislation that stands to add to city pension costs, but sponsors say the fix was promised and is needed to avoid violating federal rules.
April 21 -
Chicago's fiscal forecast has brightened and near-term surpluses should go to cover supplemental pension contributions and into reserves, Mayor Lori Lightfoot said as she prepares to hand the reins of city government to Mayor-elect Brandon Johnson
April 19 -
The upgrades add to the city's ratings upswing across credits that Mayor-elect Brandon Johnson will inherit from Mayor Lori Lightfoot.
April 12