Chicago Public Schools approves budget, Civic Federation warns of challenges

The Chicago Public Schools board of education unanimously approved the $9.9 billion fiscal 2025 budget Thursday.?

From politics to disclosure to funding, the changing climate challenges muni issuers. Learn more in our Climate Spotlight 2024 package.

The Municipal Securities Rulemaking Board has elected Warren "Bo" Daniels, managing director and head of public finance at Loop Capital Markets to serve as chair of the board for FY 2025, with Jennie Bennett, associate vice president for finance at the University of Chicago elected as vice chair.?

Register now for The Bond Buyer's Infrastructure event in September in Philadelphia.

Private equity giant KKR is buying Philadelphia-based broker-dealer Janney Montgomery Scott LLC.

Watch what the municipal bond industry’s innovators and influencers are saying in our Leaders series of video interviews. Check out our lineup of future live interviews and archived conversations.

Municipals were little changed ahead of a smaller $6.6 billion new-issue calendar. U.S. Treasuries were firmer and equities rallied.

Read the newest research from The Bond Buyer detailing the public finance industry’s views of the risks and opportunities in 2024.

Municipal finance professionals are preparing for an important election in November. Follow The Bond Buyer's coverage of 2024 election developments.

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Endnotes

Today’s top stories include:

Chicago Public Schools approves budget, MSRB elects FY 2025 leadership, KKR to acquire Janney, Munis little changed ahead of $6.6B new-issue calendar