Yvette Shields

The Motor City's spread penalties were reduced by more than half compared to its previous sale in October in a deal that was oversubscribed by 20 times.

Steven Kantor and Kayla MacEwen join a team that has mostly come from Hilltop, expanding Texas-based Masterson Advisors' reach deep into the Northeast.

Joliet will finance new infrastructure with a mix of revenue borrowing and state and federal loans in an agreement that will bring Chicago $30 million annually.

The Westin Lombard Yorktown Center in Chicago's suburbs reopened over the summer, but isn't drawing enough business to cover a Jan. 1 debt service payment.

Fitch says Biden administration comments that it expects to maintain higher levels of Medicaid matching dollars through 2021 will help states.

The junk-rated district that is managing the COVID-19 pandemic's fiscal impact with the help of federal relief trimmed spread penalties as investors were drawn to the extra yield offered for the junk paper.

State tax collections are faring better than predicted early in the COVID-19 pandemic but uncertainties abound, says a University of Illinois task force fiscal report.

Gov. Tim Walz's proposed tax hikes to eliminate a budget gap and produce new revenue for his economic initiatives drew GOP backlash.

The Illinois legislature passed a pension benefit enhancement for a group of Chicago firefighters. If Gov. J.B. Pritzker signs it, local taxpayers will pay up.

Federal COVID-19 relief aid cushions the district's balance sheet but labor, state budget, and pension woes remain.

ISFA board member Leslie Darling will take over the role of board chair.

S&P Global Ratings raised Detroit's outlook to stable from negative on a BB-minus rating; Moody's affirmed the city at Ba3 with a positive outlook.

A federal judge agreed with the SEC that the Chicago suburb must prove the status of reforms agreed to in settling allegations the city misused bond proceeds.

State tax revenues remain down compared to pre-coronavirus figures but estimates in a new forecast are higher than its previous official forecast in August.

Steven Kantor, a regional managing director based in New York, was among those cut, sources said.

Former Michigan Gov. Rick Snyder and two former Flint emergency managers entered not guilty pleas Thursday on criminal charges tied to their alleged roles in the Flint water contamination crisis

Illinois lawmakers chose a new speaker this week after a lame-duck session that could add to Chicago's and the state's budget strains.

Former state Treasurer Jay Rising will take the helm of Detroit's finances next week, replacing Dave Massaron.

The city has suffered tax and economic blows from COVID-19 but has weathered the impacts with adjustments to its roughly $1 billion budget.

CommonSpirt would shed some hospitals — mostly smaller critical access ones — under a letter of intent with the Minnesota-based system.