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New GO borrowing authority, a WIFIA loan for lead water service line replacement, and short-term airport financing are before Chicago City Council.
November 2 -
Chicago, upgraded Friday by Fitch, will follow City Council's expected passage of a new 2023 budget next month with a new money general obligation bond issue.
October 25 -
The upgrade reflects the city's improving pension funding practices, commitment to a sound reserve position and ability to institute structural budget measures, Fitch said.
October 21 -
Mayor Lori Lightfoot's proposed budget would forgo an inflation-formula-based property tax hike and make supplemental contributions to the city's pension funds.
October 4 -
Chicago is leading the pack in pension fund problems.
September 27 -
The Skyway sale "proves that sophisticated global investors who can buy assets anywhere view Chicago as a great place to invest," said a spokesperson for Mayor Lori Lightfoot.
September 13 -
Chicago's O'Hare $1.77 billion offering took center stage this week with the city offering a diverse structure to lure buyers.
August 31 -
The Minnesota Airports Commission is also in the bond market with a $386 million deal this week, followed by Chicago's $1.77 billion transaction next week.
August 22 -
Chicago put its message on fiscal progress directly to bondholders at the annual investors conference last week.
August 17 -
Chicago projects a $127.9 million gap looms in 2023. That's down from the $306 million projected in May and the $867 million from last year's forecast for the coming year.
August 10