Gas prices soar higher in Chicago than other Midwestern cities By Hilary Gowins 08/17/2015 Multiple layers of taxation make gas sold in Chicago more expensive than in other cities across the Midwest.
Chicago and Detroit: Trading places? By Ted Dabrowski 07/30/2015 As Chicago slides toward insolvency, the Motor City is trending upward. TAGS: Chicago, credit rating, Detroit
Obama urges Congress to pass law letting Puerto Rico declare bankruptcy, time to let Illinois do the same 06/30/2015 If the White House wants to give Puerto Rico the right to bankruptcy, it should extend the option to all states and territories. TAGS: bankruptcy, Puerto Rico
Illinois politicians should take note as Greek, Puerto Rican debts blow up: ‘This is not politics, this is math’ By Michael Lucci 06/29/2015 For Greece and Puerto Rico, avoiding sustainable solutions has lead to fiscal ruin. When will Illinois’ lawmakers stop whistling past the graveyard? TAGS: budget, Chicago, debt, pensions, Puerto Rico
Egan-Jones on Chicago, S&P blames Moody’s and a message to bondholders 05/22/2015 Taxpayers need protection when municipalities go bust. TAGS: Chicago
5 things you need to know about Chicago’s credit downgrades By Austin Berg 05/19/2015 Talk of the next Detroit rings truer now than ever before.
Corruption Watch: April 2015 By Shawn Tonge 05/08/2015 April saw two major players in Illinois education ensnared in charges of cronyism, among more than 60 other corruption-related stories. TAGS: good government
The Chicago penalty 04/23/2015 Chicago paid a premium on its recent bond offerings. Why? Default risk. TAGS: bonds, Chicago, Chicago Board of Education, CPS: Chicago Public Schools
Yield on Chicago Public Schools bond offering hits 5.63%, bankruptcy the sensible option 04/23/2015 Where is the school district going to get $1.1 billion? The state? Think again. TAGS: bankruptcy, CPS: Chicago Public Schools
The shockingly bad fiscal health of Chicago (and the financial engineering used to hide it) 04/02/2015 State lawmakers and the city of Chicago owe taxpayers an honest assessment. It's a sad state of affairs when we have to get that assessment from a bond guru in Kentucky. TAGS: bonds, budget, Chicago, general obligation bonds, taxes