Yvette Shields

The health of Chicago's municipal and laborer's funds further eroded over the last year with another $3 billion of unfunded liabilities being dumped on to the city's pension tab, according to new 2015 actuarial reports.

The Chicago City Council on Wednesday approved $600 million of new money general obligation borrowing along with new rules that require greater oversight of more complex financings such as those with interest-rate swaps.

Municipal bond market participants may agree that bank loan disclosure falls short but there's little consensus about how to improve it amid heightened regulatory scrutiny.

The Wisconsin Center District is finalizing plans for a $203 million deal to cover much of the public tab for the new Milwaukee Bucks basketball arena.

Chicago is moving to finalize the new money piece of an up to $1.25 billion general obligation bond sale.

Columbia Capital Management LLC has added Courtney Shea to its ownership team.

Allegations of securities violations against Calvin Grigsby should be dismissed, an Illinois hearing officer recommended in a case that stemmed from his firm Grigsby & Associates advising a state agency to invest in a bank that later failed.

Illinois lawmakers head into the homestretch of their regular session with growing anticipation for the results of two bipartisan budget working groups trying to reach agreements and break an almost 11-month-old budget impasse.

The Cook County, Ill. board advanced new money and refunding borrowing plans and two major development projects.

Investors snapped up Chicago's $537 million water revenue bond issue, allowing the city to trim the steep interest penalties its bonds typically face.

Wisconsin Gov. Scott Walker’s administration is defending its decision for a second consecutive year to defer repayment of commercial paper instead of retiring it as originally planned in the budget.

K-12 education could be the next victim of the political quagmire enveloping the Illinois budget.

Chicago closes the door on a $2.2 billion downgrade-driven liquidity crisis by selling $535 million of water revenue-backed paper in a deal that sheds bank credit and counterparty risk.

The Chicago Summer Business Institute has 200 applications from high school students looking for an entrance to the business world but only 100 paid internship openings — a shortage organizers say highlights the need for an upcoming fundraiser.

The junk-rated Chicago Public Schools doesn't meet any of five state criteria to warrant further state intervention, the Illinois State Board of Education has found.

A constitutional amendment protecting transportation revenue is headed to Illinois voters, but questions on redistricting and a graduated income tax rate fell by the wayside.

A Chicago-based investment advisor faces jail time after pocketing more than $4 million from the sale of phony Chicago-backed securities that she described as "Chicago Anticipatory Notes."

The Chicago Public Schools face an August deadline to renew its credit lines having generated little traction for plans to bring their budget to a sustainable position.

The financial crises in Chicago and Illinois may get worse before they get better, experts told the National Federation of Municipal Analysts.

Missouri-based St. Luke’s Health System heads into the market with a $250 million refunding Thursday that will enhance the conservative structure of its debt portfolio.