Prior to joining The Bond Buyer, Jennifer covered local news for multiple Chicago and suburban community newspapers. More recently, she reported on local government for The Daily Herald. She has also profiled business leaders for the online magazines Vanguard, Blueprint, Vision and Toggle and written for several online news sites.
Moody's Ratings said the 2025 budget that passed Chicago's City Council this month won't materially alter the credit profile of the city, which it rates Baa3.
Moody's upgraded Minneapolis to Aaa. The outlook is stable, reflecting an expectation that a strong financial profile will help absorb cost pressures.
The Chicago Board of Education unanimously approved the firing of Chicago Public Schools CEO Pedro Martinez late Friday during a heated special meeting.
Indianapolis-based Sycamore Advisors is building its quantitative muscle with two new experienced municipal finance hires in New York: Peter Orr and Ching Yin.
It's hard enough convincing local governments to spend money on cyber insurance that covers ransomware attacks, said Omid Rahmani, public finance cybersecurity lead at Fitch Ratings. The new and very specific threat of a hacked financing process, is "absolutely" underappreciated by the public finance industry.
Ohio legislators plan to vote Wednesday on a resolution that would put a $2.5 billion general obligation bond measure on statewide ballots May 6.
Analysts warn the many one-time measures in the budget Mayor Brandon Johnson narrowly got through City Council will make the 2026 budget even harder.
Overall state and local government credit conditions will remain neutral, Fitch Ratings says, though some storm clouds may be on the horizon.
Wednesday marks the 10-year anniversary of Detroit's exit from bankruptcy. Its Chapter 9 declaration in 2013 was the largest municipal bankruptcy in the U.S.
Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance.