Illinois Lawmakers Get Financial Schooling
Resolution of Illinois’ budget crisis likely requires new revenue and spending curbs because natural economic growth alone isn’t enough to tackle the state’s massive debts, a Chicago Federal Reserve economist told lawmakers.  more »
It will take action on both revenue and spending to balance the Illinois budget, said Thomas Waldstrum, a Chicago Federal Reserve economist.
Illinois Gov. Bruce Rauner Friday vetoed legislation designed to save Chicago’s municipal and laborers’ funds from insolvency.  more »
St. Louis is seeking federal approval to explore a privatization of St. Louis Lambert International Airport as a means to generate private investment in the air field and funds for city use.  more »
Illinois Gov. Bruce Rauner pressed reluctant Democrats to get behind state pension legislation that would provide Chicago Public Schools with $215 million in one-time aid to avert an early end to the school year.  more »
BENSON, Minn. -- Benson School Board members will learn in April what it is expected to cost to take on needed but costly upgrades to the heating and ventilation systems in the district's facilities.  more »
Property owners in South Holland, Harvey, Dolton and other parts of Thornton Township High School District 205, Ill., can expect lower taxes despite plans to spend $30 million to improve school facilities, a district official said.  more »
Syncora Guarantee Inc. is looking to partner with a developer to lead the overhaul of Detroit land it acquired as part of its bankruptcy settlement with the city in 2014.  more »
Minnesota’s Republican leaders laid out their cards on transportation spending this week, but they remain in conflict with Gov. Mark Dayton’s proposal.  more »
The average homeowner in Naperville School District 203, Ill., will get a $40 tax break.  more »
Columbus, Ohio-headquartered Huntington Capital Markets has hired public finance veteran Richard Hatton to head its public finance operation in Cincinnati.  more »
The escalating feud between Illinois’ Republican governor and Democratic comptroller underscores the budget impasse that has undermined the state government’s finances.  more »
ALEXANDRIA, Ind. -- The city of Alexandria will need to take a number of steps to brings its finances back into the black, according to an independent report by Seymour-based Reedy Financial Group made public at Monday's City Council meeting.  more »
Detroit’s plan to create a fund to address a pension hole left behind after its historic bankruptcy got a thumbs up from Moody’s Investors Service.  more »
Cleveland-based MetroHealth wants to persuade Cuyahoga County to allow it to substitute a liquidity agreement for a debt service reserve fund on forthcoming bond deals.  more »

Pennsylvania Auditor General Eugene DePasquale tells how marijuana taxation and regulation could help the commonwealth shore up its budget. He also discusses audits by his office, unfunded pension liability and the effect of a Donald Trump presidency. Hosted by Paul Burton.

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