@Yvette_BB
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sharing midwest muni news, The Bond Buyer signs the checks, snark is my own
Chicago
Joined June 2011
off this year on the expectation that volatile interest rates may come down in the near future. High inflation continues to ease toward previous lows, though volatility could affect pension funding if sponsors experience budgetary stress.
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"We expect asset performance to drive slight improvement to U.S. public pension-funded ratios for the fiscal year ended June 30, 2023," said S&P Global Ratings credit analyst Todd Kanaster....Report also noted that issuance of pension obligation bonds has completely dropped....
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U.S. Public Pen Fy23 Update Says Funded Ratios Are Stable.....S&P said that U.S. pen funded ratios are likely to remain stable or slightly improve for fy 23, report "U.S. Public Pension Fiscal 2023 Update: Funded Ratios Stable, Inflation Retreats, And POB Issuance Stops......
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tax revenue, and local jobs....FY23 hotel revenue of $308 million and state welcomed 111 million visitors who spent $44B in 2022 – representing 14 million additional travelers spending $12B more than calendar year 2021.
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good news for Soldier Field & MetPier bonds.....Gov. Pritzker Announces Record-Breaking Hotel Revs in FY23 & Unprecedented Growth in Illinois Tourism Illinois hotel revenue during 2023 fy exceeded highest year on record in FY19, bringing an increase in visitor spending....
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of $50.707B, $373m higher than the FY 2022 base...When including 1-time reimbursement and transfers in FY 2023 associated with pandemic-related federal dollars, overall FY23 total rises to $53.134B, which is $2B higher than the $51.07B receipted in FY 2022.
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FY23 completed its volatile year of GFs revs with mixed results in June. When accounting for 1-time transfers of fed dollars into general funds, overall monthly growth result greatly enhanced to $1.255B... Incorporating June’s figures, FY 2023 finished the year with base GF revs
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COGFA: BASE REVENUES FALL $110M IN JUNE, BUT END FY23 UP $373M; FEDERAL DOLLARS ELEVATE FY23 OVERALL GAINS TO $2.064B Eric Noggle, Revenue Manager....The FY 2023 GFs revenue totals, in terms of both base receipts and total receipts, become the highest on record for Illinois.....
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In Illinois prisons under Wexford’s medical care: * Having one good eye is enough * 104 WEEKS wait list to get a dental filling * 2 prisoners got meds that contributed to their deaths Will Wexford stay? Via @shannon_h @WBEZ: https://t.co/pAWB9tX1En
https://t.co/pAWB9tX1En
wbez.org
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"Today, flanked by hundreds of Transition Committee members, Mayor Brandon Johnson, heard testimony concerning the most pressing issues facing Chicago & received the 200-plus page report offered as a guide to his administration.... link here....
chicago.gov
2023 Mayoral Transition Report
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current board member Elizabeth Todd-Breland remains...The names announced today for a term beginning July 18 mark the last mayoral appointees before the transition to an elected representative school board begins in 2024.
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Mayor Brandon Johnson today makes his big board of ed move today announcing 6 new appointees-- new Board Pres Jianan Shi from Raise Your Hand and Board members Mariela Estrada, Mary Fahey Hughes, Rudy Lozano, Michelle Morales & Tanya Woods....
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Fireworks across Chicago right now, recorded by wife (in the window seat).
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While I am sad to leave DOB, I am excited to work @ChicagosMayor's administration. I know he is committed to a transparent and responsible finance for the city, I can't wait to get to work! Thank you again for this honor! Ready to work hard for Chicago! 🤓
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