Notice of Sale - $900,000,000 General Obligation Bonds, Series of October 2026 RFP
Posted
Sep 10, 2026
Sep 22, 2026
Sale of state's $900,000,000 general obligation bonds, series of October 2026.
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Posted
Sep 10, 2026
Sep 22, 2026
Sale of state's $900,000,000 general obligation bonds, series of October 2026.
Key metrics and characteristics
City
The city where this buyer is located.
Springfield
County
The county where this buyer is located.
Sangamon
Address
Physical address of this buyer.
401 South Spring, 603 Stratton Building
Phone Number
Contact phone number for this buyer.
(217) 782-4521
Zip Code
Postal code for this buyer's location.
62706
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Latest Budget Year
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This contract outlines Municipal Advisory Services to be provided by Acacia Financial Group, Inc. to the Governor's Office of Management and Budget (GOMB) for the State of Illinois. The services include assistance with State debt issuance, rating agency strategies, debt portfolio management, and acting as an Independent Registered Municipal Advisor (IRMA). The initial term of the contract is three years, effective from April 28, 2025. Pricing is structured per bond issuance, with a maximum payment of $130,000 per issuance. The contract is contingent on fund availability and includes standard business terms, certifications, and disclosures.
This contract between the State of Illinois (Governor's Office of Management and Budget) and Columbia Capital Management, LLC outlines municipal advisory services, including assisting with State debt issuance, rating agency strategies, and debt portfolio management. The initial term is three years, commencing April 30, 2025, with potential renewals extending the total term up to ten years. Pricing is based on per-issuance fees, with a cap of $130,000 per bond issuance.
This contract is between the State of Illinois (GOMB) and Hardwick Law Firm, LLC for bond and disclosure counsel services related to State of Illinois General Obligation Bonds. The agreement commences on March 3, 2025, and has an initial term of four years, with options to renew for up to a total of ten years (expiring March 3, 2035). Hardwick Law Firm, LLC will provide various legal services, including preparing official statements and legal opinions. The firm is entitled to 30% of the total fee per bond issuance, with the combined fee for this contract and co-counsel (Chapman & Cutler LLP, Contract #25-OMB-06) ranging from $75,000 to $150,000 per issuance, and not exceeding $150,000 per bond issuance in total payments.
This contract between the State of Illinois' Governor's Office of Management and Budget (GOMB) and Katten Muchin Rosenman LLP is for bond and disclosure counsel services for Build Illinois Bonds. The initial term is four years, effective January 31, 2025, with a maximum total term of 10 years including renewals. The pricing is structured per bond issuance, ranging from $74,750 to $150,000 per issuance. The agreement mandates a 30% subcontracting goal to Charity & Associates, P.C., and includes comprehensive standard business terms and conditions.
This contract between the Governor's Office of Management and Budget (GOMB) and Baker Tilly Municipal Advisors, LLC is for municipal advisory services. The vendor will assist with State debt issuance, develop rating agency strategies, analyze refunding structures, manage the State debt portfolio, and undertake other debt management initiatives. The contract also requires the vendor to serve as the State's Independent Registered Municipal Advisor (IRMA). The initial term is three years, commencing July 31, 2025. Pricing is estimated and determined per bond issuance, with a maximum payment of $130,000 per issuance.
Board meetings and strategic plans from Illinois Office of Management and Budget
This document outlines the Strategy Mapping Process, developed by the Governor's Office of Illinois in consultation with the Government Finance Officers' Association. The process involved creating strategy maps for seven statewide prioritized result areas: Economic Development, Education, Public Safety, Healthcare, Human Services, Government Services, and Quality of Natural, Cultural, and Environmental Resources. Results teams identified factors and designed strategies to achieve positive outcomes, guiding budget allocation for FY14 and enabling state agencies to focus on prioritized outcomes.
The meeting featured an overview of the work of the Illinois Sentencing Policy Advisory Council and its relationship to the Budgeting for Results Commission. The commissioners also conducted a review of the 2026 BFR Unit work plan, deliberated on the meeting calendar for the upcoming year, and reviewed potential presentation topics for future sessions.
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The commission held a briefing on the Fiscal Year 2027 state budget, which included presentations on the BFR Unit's budget book chapters and interactive dashboard tools. Other discussion topics included an update on mandate legislation involving recommendations from the 2025 annual report, a presentation regarding the 2025 Sunset Act reports, and a progress update on the program assessment for Coordinated Specialty Care. Additionally, the 2026 meeting and hearing schedule was presented to the commission.
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