It won't be easy for public schools to fill the financial hole left when a record $190 billion in federal pandemic aid runs out. via Bloomberg w/ Nic Querolo edited by Sarah Halzack bloomberg.com/news/articles/…

US state and local retirement funds are pumping billions into private credit, joining the stampede into a booming sector of finance in the pursuit of higher returns. bloomberg.com/news/articles/… via Bloomberg

The California State Teachers’ Retirement System — an early public pension fund investor in private debt — is seeing its appetite for growth in the hot market dimming as the outlook for interest rates shifts lower. via Bloomberg bloomberg.com/news/articles/…

Investors are rushing back to the municipal-bond market after many spurned it over the past two years. Read my latest with Nic Querolo about the shift in the $4 trillion market for state and local bonds. bloomberg.com/news/articles/…

A struggling downtown Chicago real estate market is making it difficult for officials to determine property values in the first such assessment since the end of the pandemic. via Bloomberg CityLab bloomberg.com/news/articles/…

Illinois Governor Pritzker is scheduled to outline his spending plan for the fiscal year starting July 1 on Wednesday. Fiscal 2025 may be a pivot after back-to-back annual budget surpluses. via Bloomberg bloomberg.com/news/articles/…

#Chicago to Go Ahead With Plan to Revamp Empty Downtown Towers via ⁦Shruti Singh⁩ and Miranda Davis bloomberg.com/news/articles/…

Congress will vote this week on a spending bill to give Chicago and Milwaukee, the hosts for this summer’s Democratic and Republican conventions, a combined $150 million in federal dollars to spend on security for the events. via Bloomberg Politics bloomberg.com/news/articles/…

#Stock Market Is Ripe for a Correction, Ariel Investments’ Rogers Says #AI ⁦Ariel Investments⁩ via ⁦Norah Mulinda⁩ ⁦Shruti Singh⁩ bloomberg.com/news/articles/…

#Chicago $8.5 Billion O’Hare Upgrade Falters as Costs Balloon #airports w/ ⁦Julie Johnsson⁩ ⁦Shruti Singh⁩ bloomberg.com/news/articles/…

Can the Chicago Bears convince Illinois lawmakers to approve $900 million of borrowing in the next few weeks to build a new $3.2 billion stadium? bloomberg.com/news/articles/… via Bloomberg CityLab

Fresh takes on the brand new state budget, the future of ShotSpotter and what to make of Rev. Acree’s dropping his bid for an appointment to the RTA. On WTTW - Chicago PBS…now! Laura Washington Shruti Singh Rob Hart and Jerry Nowicki from Springfield

Airports across the US with $151 billion in infrastructure needs are set to storm the municipal-bond market in the weeks and months ahead trib.al/NMvndnR

When Harvard University offered to buy back more than $400 million of its debt in a tender offer in March, it signaled just how much the strategy is gaining acceptance among muni-bond borrowers looking for ways to reduce debt costs. trib.al/b6dNtJg

With FEMA stretched thin as number of big disasters pile up, Massachusetts mayor warns others to ‘lower those expectations’ in the wake of a once in 200-years storm that hit his town in September. Via Bloomberg CityLab bloomberg.com/news/articles/…

Chicago Mayor Brandon Johnson announced that the city’s deficit for 2025 will be close to $1 billion. The city will need to fill an unexpected shortfall in this year’s budget as well. via Bloomberg CityLab bloomberg.com/news/articles/…

NEW: There’s an increasing sense of urgency about the US’s worst housing quagmire in decades bloomberg.com/news/articles/… via Bloomberg Politics with Shruti Singh and Prashant Gopal

There’s an increasing sense of urgency about the US’s worst housing quagmire in decades trib.al/cDtuKB4

The nation’s worst housing quagmire in decades has elevated a topic that is often confined to local zoning board hearings and city council meetings to the center of national politics. via Bloomberg CityLab w/ Skylar Woodhouse and mrgopal bloomberg.com/news/articles/…

New municipal bond sales head for record year as pace quickens and bankers, buyers are happy for opportunity after lackluster years. via Bloomberg bloomberg.com/news/articles/…