The Bond Buyer

Chicago pension bond remains in play after mayor's announcement

Municipal Market Analytics sees “some upside” for city creditors and taxpayers if Emanuel shelves a possible deal and while the administration stresses its commitment to solely issuing POBs to bring up funded ratios, MMA worries that the next mayor may have less “scruples" about taking contribution holidays or other budget financing gimmicks up front.

https://www.bondbuyer.com/news/chicago-pob-plan-still-in-play-after-mayors-announcement