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Chicago has reached financial stability, city’s CFO declares

In a presentation to the City Club of Chicago, Chicago Chief Financial Officer Jennie Huang Bennett declared that, for the first time in awhile, “The city is on a stable financial footing.” And that has allowed it to begin making major investments in programs that...

Chicago Wins Moody’s Upgrade, Exiting Years in Junk Status

Chicago has shed its junk status for the first time in more than seven years marking a major win for Mayor Lori Lightfoot as she seeks re-election. Moody’s Investors Service on Tuesday raised the city’s rating by one notch to Baa3, freeing Chicago from its one...