Posts Tagged ‘Illinois’
Chicago mayor unveils ‘first step’ budget that holds line on taxes
The proposed spending plan includes the first chunk of money from the city’s new casino, which will support underfunded police and fire pensions.
Read MoreChicago mayor rounds out finance team with comptroller appointment
Chasse Rehwinkel most recently has held the position of director of banking for the Illinois Department of Financial and Professional Regulation.
Read MorePension risk meter on the rise for Chicago and Illinois, reports warn
“We believe pensions have an elevated probability of stressing the state and local governments’ budgets even as Illinois has made supplemental contributions above the statutorily required amounts,” S&P Global Ratings analyst Joseph Vodziak said.
Read MoreCook County expects surplus this year, gap near $100 million next year
The gap next year is up from the $18.2 million shortfall projected heading into the fiscal 2023 budget season but down from the $121.4 million projection in 2022 and the expected near-record $410 million hole that loomed in 2021.
Read MoreIllinois variable-rate debt conspiracy case moves toward summer trial
The Illinois case is part of several state-level lawsuits brought by Minnesota-based municipal advisor Johan Rosenberg, accusing banks of conspiring to set the interest rates of state-issued VRDOs artificially high.
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