Yvette Shields

The Illinois Metropolitan Pier & Exposition Authority will learn Wednesday the cost of the downgrades it absorbed thanks to the state's budget impasse when it sells $223 million of securities.

The Illinois Finance Authority board advanced nearly $400 million of new borrowing plans at its meeting Thursday in deals that highlight the popularity of direct placements.

Illinois-based College of DuPage fired its top two fiscal managers – treasurer Thomas Glaser and controller Lynn Sapyta – accusing the two of violating school investment practices and other internal rules.

The Illinois attorney general won't ask the U.S. Supreme Court to review the the Illinois Supreme Court’s voiding of the state’s 2013 pension reform legislation.

Illinois’ cash flow position grows more dire by the day with the state on pace to rack up an $8.5 billion bill backlog by the start of the new year, Comptroller Leslie Geissler Munger warned Wednesday.

Services are scheduled this weekend for Jerry B. Wallack, a prominent Chicago-based public finance lawyer who died suddenly Sept. 4. He was 63.

Not only will a huge property tax hike to fund pensions be a tough sell in Chicago, it will only go part of the way toward solving the city’s fiscal problems, experts said.

OSF Healthcare System in Illinois heads into the market next week with its $368 million sale with a second dose of good credit news.

More than half of Chicago and its sister agencies’ 11 public employee pension funds have agreed to a joint proposal promoted by Treasurer Kurt Summers that’s aimed at cutting annual investment fees.

The stark political divisions around the idea of allowing Chapter 9 bankruptcy in Illinois were highlighted at a recent legislative hearing.

Wisconsin takes competitive bids on $391 million of general obligation debt Tuesday with more than half earmarked for transportation projects.

The former head of the Illinois State Toll Highway Authority has joined Chicago Treasurer Kurt Summer's office.

Illinois-based OSF Healthcare System won an upgrade ahead of its September new money and refunding sale for $367 million in recognition of its improved financial performance.

The Chicago Park District's steep yield premiums drew strong interest in the agency's Aug. 27 sale as the penalties nearly doubled on some maturities when compared to a June 2014 sale that carried the same published ratings.

Illinois Gov. Bruce Rauner's administration won't move to extend its contract with financial budget consultant Donna Arduin after its Aug. 28 expiration.

Pittsburgh-based PNC Capital Markets LLC hired public finance banker Kerry Rudy in Chicago to lead its national healthcare sector and is bolstering its New York team with the addition of Lawrence Stephens to lead coverage of the city.

The Chicago Board of Education credit suffered its latest blow Thursday when Kroll Bond Rating Agency dropped its rating two levels to BBB-minus, allowing the district to retain its sole investment grade level rating.

The junk-rated Chicago Board of Education unanimously signed off on a $6.4 billion budget panned by rating agencies for rolling over debt and gambling on uncertain state support.

The Illinois Metropolitan Pier and Exposition Authority plans to enter the market after revamping its hotel financing plan following rating downgrades triggered by the state's budget impasse.

A Chapter 9 filing by the Chicago Public Schools could push the distressed district into a financial "death spiral," the district's former chief executive officer Paul Vallas said Tuesday.