Jack Brofman News Today

The 75-cent toll was proposed by graduate students who recently won the Harris Policy Innovation Challenge, a Shark Tank-style contest focused on addressing the city’s pension debt.

Chicago Mayor-elect Brandon Johnson hopes to make an announcement on the CFO post before taking office Monday.

“Being a progressive is not just about saying things. It’s about doing things. That’s always been essential to [Johnson’s] understanding of how you govern,” said senior adviser Jason Lee.

The city is offering more than $1 billion of debt under its higher-rated Sales Tax Securitization Corp., and its water and wastewater revenue credits.

The $160 million offering will fund neighborhood projects that include vacant-lot cleanups, affordable housing expansion and tree planting.

The city received $217 million of retail orders — a rarity in Illinois where local bonds don't benefit from state tax exemption — and interest from 11 ESG funds.

The city has arranged the offer to go first to individual investors, with dibs to Chicago residents. Bond denominations can be as little as $1,000.

Chicago's Sales Tax Securitization Corp. will sell $150 million of social bonds next month in the city's first ESG-labeled deal.

From disclosure to issuance labels, the Chicago finance team is shaping ESG practices that are top of mind for municipal market.

Chicago's captured a new low in recent history on tax-exempt spreads but the taxables, which were downsized by $500 million, faced a tougher road amid Treasury volatility.