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They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding. [ABSTRACT FROM AUTHOR]

Reports on the increasing 2002 budget deficit in Chicago, Illinois. Adoption of commercial paper authorization; Use of short-term borrowing program; Reduction of forecasted collections of taxes.

Focuses on the launch of a longstanding commercial paper program to provide short-term financing for projects at O'Hare International Airport in Chicago, Illinois. Delay of state tax payments; Approval of the finance committee on the sale of general obligation bonds; Review of revenue projections.

Reports that agents of the US Federal Bureau of Investigation have raided Markham, Illinois city hall and Mayor Evans Miller's private office. Seizure of papers relating to a $4 million tax-increment financing bond issue; Miller's reaction to the raid; Councilor Geraldine Dudeck's concerns over misspending of bond proceeds.

Reports on the plan of Cook County, Illinois to sell variable-rate bonds. Advantages offered by low interest rates offered on floating-rate paper; Uses of the proceeds from the bond issue.

The article reports on the decision of the city of Chicago to withdraw as plaintiff from one of the class action lawsuits filed by seven issuers against dozens of banks, brokers, insurance firms and investment advisory firms over the alleged conspiracy to fix derivative products in Illinois. The city had also decided to remain a defendant on the other case filed the same issuers against Bank of America. City spokeswoman Jennifer Hoyle declined to provide additional information on the issue.

Reports on possible employee layoffs in Chicago, Illinois for balancing fiscal 2003 budget. Objective of establishing a commercial paper program; Estimated figure for ending balance for fiscal 2002; Possible utilization of the savings through various management initiatives.

Reports on an agreement to acquire Saint Louis, Illinois-based Carondelet Health Systems by Saint Louis, Illinois-based Ascension Health. Remarketing companies for the deal; Advantages of the deal for Carondelet; Audit of the Ascension's accounts by the U.S. Internal Revenue Service.

Focuses on the deal between the University of Chicago and the Illinois Higher Educational Facilities Authority. Resolution of conflict between the authority and the Bureau of Budget; Plans for sale of fixed rate bonds and variable rate paper; Aid for the construction of school and research facilities.

Reports on the issuance of college bonds in Illinois announced by Governor Jim Edgar. Companies leading the bond offering; Expectation of strong demand for the double-tax exempt bond paper.

Reports on Chicago, Illinois' plan to issue a series of new-money and refunding general obligation (GO) and revenue deals and a commercial paper (CP) program in April 2004. Finance Committee's endorsement of authorization of up to $500 million of GO and emergency center GO bonds; City officials' plan to tap only a small portion of the CP program in summer.

Chapter 9 guru James Spiotto says states are increasingly realizing the importance of early intervention in their distressed cities to avoid the crisis of a municipal bankruptcy where everyone loses. [ABSTRACT FROM AUTHOR]

The article reports on the 900 million dollars taxable Build America Bond sale of Illinois. It mentions that Citi is the senior manager on the transaction which led the investor road show, began last week and included European and Asian cities. It notes that Illinois debt manager John Sinsheimer confirmed that he was in overseas meeting with potential investors.

The article offers information on the 2018 budget for the Chicago city, Illinois proposed by Mayor, Rahm Emanuel. Topics discussed include various programs including borrowing program, tax-increment financing surplus funds, and a ride-share fee; role of pension funding and fiscal practices in stabilizing the the city's financial status; and history of tax hikes including a record property tax increase, a plastic bag fee, and a water/sewer surcharge.

In this article, the author offers information on the status of the U.S. municipal bond market in the second week of May 2013. She mentions that a broad divergence in demand has been observed between new paper and secondary trades during the week. She also informs that the investors have received taxable deals from Illinois and Massachusetts.

Reports on the Chicago City Council's approval of bond authorizations including new money and refunding general obligation (GO) sales and revenue-backed financings. Council's endorsement of Tariq Malhance's request to sell GO for capital projects, 911 emergency center GO bonds, clean water revenue bonds and second-lien wastewater revenue bonds; Council's authorization of the creation of a water system revenue commercial paper program.

Reports on the decision of Advocate Health Care Network to sell million of new-money, variable-rate paper backed by its own liquidity in Illinois. Sale of short-term ratings in conjunction with upcoming sale; Expansion of the surgical and intensive care units; Increase of the variable-rate exposure.

Reports that Cook County, Illinois, has pulled back on the reins after jumping into the bond market with a $74 million refunding in the week of September 15, 1997. Failure of buyers to materialize for the county's general obligation (GO) bonds; GO refunding paper authorized by Cook's Board of Commissioners; Refunding by the Regional Transportation Authority.

Top-quality municipal bonds were unchanged at mid-session, traders said, as Bank of America Merrill Lynch won the competitive bidding for the Illinois general obligation bonds. [ABSTRACT FROM AUTHOR]

Reports that the Chicago School Finance Authority has given initial approval for the refund of general obligation bonds issued in 1994 in Illinois. Opening of a debt service capacity that the agency will use to sell limited-tax obligation bonds for Chicago schools; Estimated amount to be generated by the tender proposal for the bonds; Support to the long-term capital program of the school board.

This article reports on the plan of the University of Chicago and Loyola University Chicago in Chicago, Illinois to enter the securities market in 2003. Loyola has steadily improved its operational deficit from 35 million dollars in fiscal 2001 to 12 million dollars at the close of fiscal 2003 in June and is on track to eliminate the deficit altogether by the close of fiscal 2004. The Illinois Educational Facilities Authority gave a 31 million dollar refunding for Illinois Wesleyan University, and a 50 million dollar refunding for MGH Capital Education and Health Care Assistance Foundation, a nonprofit whose Illinois subsidiary borrowed funds for an off-balance-sheet transaction with DePaul University.

Reports on possible approval of motor fuel tax-backed revenue bonds by City Council's Finance Committee in Chicago, Illinois. Possible utilization of the bonds proceeds; Ratings assigned by various ratings companies to the bonds.

Reports on the plans of Chicago Aviation, Illinois to sell long-term bonds of O'Hare International Airport's runway in the year 2003. Financial support from airlines at O'Hare for the project's initial planning costs; Submission of plans by the city for the project; Legislative proceedings of the runway plan.

Last week's Illinois Supreme Court ruling voiding legislation that overhauled the state's pension system ratchets up pressure on the state's leaders to fix the state's out-of- balance budget. [ABSTRACT FROM AUTHOR]

Reports on the impact of Standard & Poors Securities Inc.'s placement of structured municipal bond issues on the corporate rate of Bank One Inc. in Chicago, Illionois. Rating given by the agency to the company which entails positive implications; Growth of the industry in achieving its potential prospects; List of issues that were affected by the action taken by the agency.

Reports on the extension of deadline by Chicago Fire soccer team for municipalities to submit soccer stadium proposals in Illinois.

Reports on the launch of search by Southwestern Illinois Development Authority for executive director after canceling its contract with director Joe Behnken.

Reports on the reaction by Cook County officials against governor Rod Biagojevich's veto of legislation that was intended to give million in additional bonding authority to Cook County Forest Preserve District in Chicago, Illinois. Complaints of John Stronger, County Board president, against Biagojevich's veto of legislation.

Reports on the hire of John Maiorca, budget director, by Chicago Public Schools for the post of chief financial officer in Illinois. Professional background of Maiorca; Approval by Chicago Board of Education regarding the sale of qualified academy bonds.

The article focuses on bond deals in Illinois and Pennsylvania as of May 19, 2003. Illinois plans to sell $1.5 billion of competitive cash-flow notes to finance overdue bills owed on corporate and personal income taxes and to Medicaid provider. Moody's Investors Service downgraded Illinois' government securities credit to Aa3 from Aa2, while Fitch Ratings put its AA-plus rating on negative watch and Standard & Poor's attached a negative outlook to its AA rating on the state. Pennsylvania issued $836.4 million of government securities and refunding sale. The deal includes $663 million in refunding debt, $543 million of which will retire Series 1993A certificates of participation originally sold to finance five local prisons, as well as $120 million to refund 1996 debt.

Reports that Chicago, Illinois submitted its final layout plan to the Federal Aviation Administration (FAA) for a 6.6 billion dollar runway reconfiguration of O'Hare International Airport as of December 22, 2002. Impact of the submission on plans of the city for issuing bonds in 2003 to finance the plan; Details of the reconfiguration plan; Expected date of a final decision from the FAA regarding the approval of the plan.

Reports on the marketing of bonds by Covenant Retirement Communities Inc. in Chicago, Illinois. Issuers of the bond; Use of the proceeds for the completion of the facilities; Decline of the credit rating.

Reports the proposal of the Chicago Board of Trade on the re-engineering of the municipal bond futures contract. Opinion of the market participants on the proposal; Plan on the creation of bond contract; Prevention on the manipulation of the index.

Reports on the deal of Chicago, Illinois administration regarding the sale of its O'Hare International Airport general airport revenue bonds. Political implications of the deal; Provision to review of airport debt following the terrorist attacks; Decision of city for the sale of bonds; Rating of bonds by various rating agencies; Sale of general obligation bonds by city to fund infrastructure projects.

Reports on the approval of the sale of O'Hare International Airport general airport revenue refunding bonds by the Chicago City Council. Purpose behind the sale of bonds; Managers of the bond deal; Outlook of Moody's Investors Service Inc. on the deal.

Focuses on the declaration of budget for 2002 for capital spending in Chicago, Illinois by Chicago Mayor Richard M. Daley. Declaration of budget on November 7, 2001; Allocation of funds for different categories; Elimination of taxes for balancing the budget.

Reports the launch of continuing care retirement community in the municipal market in Illinois. Health care revenues of the organization; Support for senior care facility; Affiliation with Lutheran communities.

Reports the bond rating assigned to the general obligation deal of Cook County, Illinois. Effect of bond ratings on outstanding debt; Sale of the bonds through a negotiated underwriting deal; Use of the bonds to refund purchased bonds and financing of economic development projects.

Reports on the proposed bond issues by DePaul University and the John G. Shedd Aquarium in Chicago being reviewed by the Illinois Educational Facilities Authority. Structure of the deals; Size of the issues; Use of proceeds from the offerings.

Reports on the DuPage Children's Museum's issuance of variable-rate bonds, a move that will allow the organization to further expand in a larger and more permanent home in Chicago, Illinois. Amount of the bond issue; American National Bank and Trust Co. of Chicago's plan to provide a letter of credit.

Reports on two negotiated general obligation offerings in Illinois as of January 24, 2000. Maturing of general obligation offerings; Structure of the offerings.

Reports on the plan of the Illinois Development Finance Authority to sell $150 million of revenue bonds. Creation of a loan pool designed to cut the cost of computers and other equipment for school districts, libraries and municipalities; Design of the program.

Reports on the plans to launch three bond issues in Virginia, Illinois and Georgia in the third week of January 1999. Launching of the $40 million Alexandria, Virginia general obligation public improvement offering; Plans for a $60 million sales tax revenue offering in Illinois; Atlanta, Georgia-based Robinson Humphrey Co.'s plan to price a Georgia Private College and University Authority financing.

Reports that the Illinois State Toll Highway Authority plans to refinance its 1992 toll revenue bonds. Illinois State Toll's absence from the market; Reaffirmation of Illinois State Toll's standing agreement with underwriters Bears, Stearns & Co. and Paine Webber Inc.

Anticipates Mercy Health Services and Sherman Health Systems' bond offerings. Background information on the companies; Managers of the bond offerings; Agencies' reports on the deals.

The article informs that Chicago, Illinois hits the market with its inaugural sales tax securitization bonds, as of December 5, 2017. It discusses how the city is planning to distinguish the new credit from its own battered bond ratings and quash comparisons to Puerto Rico's bankruptcy tainted sales tax credit.

The article reports on the potential yield for the meaty spread retail industry for Illinois's individual investors general obligation offering. It cites on the multi-series deal can attract potential buyers and reprice the general market. The article also discusses on the state's tranche of bonds pricing three series as part of the planned fixed rate, tax-exempt GO borrowing.

Illinois asked a judge to put off the effective date of a possible court order elevating Medicaid over other payment obligations. [ABSTRACT FROM AUTHOR]

The long-term principal and interest payment schedule for Chicago's general obligation debt swelled by about $1.7 billion last year, according to the city's comprehensive annual financial report. [ABSTRACT FROM AUTHOR]

The article reports that Illinois will come in the U.S. bond market with general obligation bonds of 1.25 billion U.S. dollars indomitable by lower grades in the end of the month of June 2013. According to capital markets director John Sinsheimer, funding is required for completing the critical capital projects as it is important to the future competitive status and livability of the state. It also mentions that the state's downgrades raised the interest rate but it can not affect the sale.