Web19 hours ago · Fitch Ratings upgraded the state's general obligations bonds on April 10 and Moody's Investor Services raised its rating on April 6. New Jersey contributed its full actuarially required ... WebDec 19, 2024 · City Government. Illinois. Chicago. Central to the plans Chicago Mayor Rahm Emanuel outlined last week for bolstering the city’s badly underfunded public employee pension accounts is a proposal to issue as much as $10 billion of bonds that would be deposited into retirement funds. The thinking goes that the debt service costs …
Illinois cities take on more debt to cope with pensions
WebSep 2, 2024 · Instead of issuing long-term debt, like general obligation bonds do, to finance improvements on a public facility, the municipality may enter into an arrangement that uses lease revenue bonds. WebJan 27, 2024 · Facing rising pension costs, Whittier City Council members on Tuesday, Jan. 27, voted to consider issuing a $143 million bond issue that would pay off its unfunded portion of the city’s pension liabilities and stabilize ongoing costs. The city now spends about $10 million a year on unfunded retirement costs — about the same amount that … me bank home loan cashback
Pension Obligation Bonds Are Like Big, Fat, Dangerous Margin Loans …
WebPension Obligation Bond Sale Report Pension Obligation Bond Sale Report ( text version) IRMA representation notice Independent Registered Municipal Advisor ("IRMA") … WebJan 22, 2024 · The Chicago Transit Authority (CTA) released a $3.4 billion, five year FY2024-FY2025 capital plan in October 2024. The CTA prepares a multi-year, … WebAug 15, 2024 · CHICAGO — Chicago’s fiscal chief expects to decide in the “next week or so” whether to recommend if the city should sell up to $10 billion of pension obligation … me bank gold coast