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Indiana County Rolling Over $1.2B of Fertilizer Plant Notes
Officials building a long-stalled fertilizer plant in Indiana hope that the fifth time is a charm when it comes to having to remarket $1.2 billion of short-term notes before rolling it over into long-term debt.
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Illinois Gov. Bruce Rauner signed legislation Thursday to fill a $1.6 billion gap in the state's current-year budget largely with a one-time funding fix.  more »
Illinois Gov. Bruce Rauner said he was sign “as quickly as possible” legislation that fixes a $1.6 billion hole in the current budget with a one-time funding fix.  more »
Ann & Robert H. Lurie Children’s Hospital of Chicago won an upgrade from Standard & Poor’s as it fiscal books remain on the upswing.  more »
Ohio next week will launch its first public-private partnership with the sale of $230 million of tax-exempt private activity bonds for a highway through the Appalachians.  more »
Wisconsin's tab to repay $220 million in proposed borrowing for a new Milwaukee Bucks basketball arena ranges from $324 million to $488 million, according to a legislative report.  more »
Moody’s Investors Service hit Detroit Public Schools with another downgrade late Monday, warning that the troubled district faces major fiscal stress and a rising debt burden.  more »
Chicago received a first time rating of A-minus with a stable outlook from Kroll Bond Rating Agency.  more »
A one-time fix to close Illinois' current $1.6 billion budget gap largely by draining $1.3 billion from non-general fund special accounts is headed to the Senate after clearing the House.  more »
Zion, Ill. Park District lost its investment grade rating and faces further credit deterioration as its struggles with a rapidly declining tax base.  more »
Michigan Gov. Rick Snyder is touring the state urging voters to approve a May referendum to raise the state sales tax to generate new money for roads, saying it’s key to the state’s continued rebound.  more »
The Ohio State University wants a private firm to take over its energy system for 50 years in exchange for an upfront cash payment, marking another first for a public university.  more »
Missouri lawmakers are advancing legislation that makes clear legislative and voter authority over any borrowing, a move prompted by questions over whether Gov. Jay Nixon’s bonding proposal for a new St. Louis Rams professional football stadium requires a vote.  more »
Moody’s Investors Service placed Steele County, Minn.’s ratings on review for a possible downgrade as several enterprise fund commitments strain its books.  more »

Some local governments may require extraordinary financial assistance from the Commonwealth, adding to pressure on its general obligations.

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