Yvette Shields

The Cuyahoga County Council signed off on a resolution paving the way for a $140 million bond issue to help cover $280 million of upgrades to the Quicken Loans Arena.

Allen Park, Mich.'s financial ills have eased enough to garner a five notch ratings boost, moving it two notches from winning back its investment grade status.

Illinois is at a fiscal tipping point as its unpaid bill backlog hovers near $13 billion and its budget stalemate headed toward the two-year mark, Moody's Investors Service said.

Illinois Gov. Bruce Rauner and lawmakers veered in opposite directions, casting more doubt on the prospects for a budget resolution.

Chicago will forgo a private financing arrangement and instead reach into its own pockets to finance a $160 million overhaul of its streetlight system.

City Colleges of Chicago took a fresh rating hit this week over strains posed by the state’s prolonged budget impasse.

Flint, Mich. will receive nearly $100 million in state and federal funds to replace thousands of water service lines under a settlement approved by a federal judge Tuesday.

Illinois Gov. Bruce Rauner’s veto of Chicago’s pension overhaul doesn’t pose an imminent threat to the city’s credit, S&P Global Ratings said.

Kansas City, Missouri’s $800 million request is the biggest bond measure on April 4 ballots in Midwestern states, where voters will decide the fate of more than $2 billion of municipal borrowing requests.

A procedural ruling by the state Supreme Court means Illinois’ not-for-profit hospitals have dodged a bullet, at least temporarily, on the state’s charity care requirements.

Time is running short for Illinois to move forward with a public-private partnership to install managed lanes on a state interstate, Gov. Bruce Rauner warned lawmakers Monday.

Chicago expects the veto-proof passage in early April of an identical bill to the one vetoed Friday that saves its municipal and laborers' pension funds from insolvency, the city's finance chief told investors Monday.

Illinois Gov. Bruce Rauner Friday vetoed legislation designed to save Chicago’s municipal and laborers’ funds from insolvency.

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.

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.

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.

Minnesota’s Republican leaders laid out their cards on transportation spending this week, but they remain in conflict with Gov. Mark Dayton’s proposal.

The escalating feud between Illinois’ Republican governor and Democratic comptroller underscores the budget impasse that has undermined the state government’s finances.

Marengo, Illinois took a two-notch rating hit and faces the prospect of another over its pension strains.

Minnesota Gov. Mark Dayton announced a supplemental budget that adds about $150 million in new spending – including $100 million for early childhood education -- to his proposed $46 billion two-year budget.