Todd Kanaster News Today

(The Center Square) – Illinois is making some progress on paying for pensions, but a credit ratings agency is sounding the alarm that not enough is being done. S&P Global Ratings announced a report on Illinois pensi...

(The Center Square) – Illinois is making some progress on paying for pensions, but a credit ratings agency is sounding the alarm that not enough is being done.

A financial instrument that has appealed to many municipalities to remedy underfunded pension plans is once again looking like a losing borrow and bet scheme.

Illinois' unfunded pension tab improved slightly in 2022 because 2021 returns still play a role in the actuarial assessment through smoothed investment returns.

Coconino County has issued debt to fund its prepayment to the Arizona State Retirement System, while Pinal County has a bond sale pending.

New Jersey and Illinois have the lowest state bond ratings. But all three states have been ramping up pension contributions, according to S&P Global Ratings.

A spike in POB issuance last year that was spurred by low interest rates, roaring stock markets, and other factors is likely to wane.

(The Center Square) – A new report from S&P Global highlights the pension problem in the city of Chicago compared to other large cities in the country. The report, from Bobby Otter and Todd Kanaster at S&P Globa...

Blockchain is the technology underlying bitcoin, a decentralized, tamper-proof ledger for recording transactions without the need for a central authority.