Yvette Shields

More Illinois school districts are operating in the red, according to new data from the Illinois Board of Education.

The Chicago City Council signed off on Mayor Rahm Emanuel’s request to issue up to $200 million of water revenue bonds to cover swap termination payments.

Ferguson and the U.S. Justice Department will soon seek court approval on a consent agreement that outlines municipal court and policing reforms.

Minnesota Gov. Mark Dayton wants to spend $700 million of the state’s $900 million surplus on various initiatives and tax relief while leaving $200 million on the books should state revenues falter.

Voters in the St. Louis region face a series of ballot measures April 5 that stand to profoundly impact their local government’s fiscal fortunes.

George Pitt, a bond lawyer who pioneered early tax-exempt healthcare financing and was revered by a generation of Chicago attorneys, died earlier this month of heart failure.

Kutak Rock LLP has elevated Chicago-based public finance attorney Lance Tyson to partner.

Chicago-based public finance attorney Lorraine Tyson has joined Greenberg Traurig LLP where her practice is expected to include both the corporate and municipal sectors.

Presence Health, one of the Chicago area’s largest not-for-profit systems, is under review for a downgrade as Moody’s Investors Service digs into its fiscal 2015 results.

Detroit Public Schools may run out of funds to meet payroll after April 8, the district’s new transition leader told state lawmakers who are being asked to approve $50 million in emergency aid.

The Chicago Transit Authority board signed off on a $1.3 billion contract for its rail that counts on a low-cost federal loan and approved the appointment of city debt manager Jeremy Fine as chief financial officer.

From a threatened teacher strike to an escalating state-level attack on its governance and borrowing powers, the barrage of bad news has not let up for junk-rated Chicago Public Schools.

Genesee County, Mich., and the Karegnondi Water Authority’s A2 Moody's ratings remain intact despite the risk associated with Flint’s support for the new water system.

Water contamination-related lawsuits filed in Chicago and Flint, Mich. stand to influence the sector nationally as the cases draw more scrutiny to the dangers associated with older lead pipe-based systems, Fitch Rating says in a new report.

Bondholders banking on the Chicago Public Schools’ ability to stabilize its rocky finances lost ground this week as the district’s labor woes intensified and lawmakers advanced an attack on its governance structure.

Chicago-based Cabrera Capital Markets LLC has hired back Brian King, a former Chicago deputy comptroller, to lead a rebuilding and expansion of its public finance business after a fresh infusion of capital.

The Illinois General Assembly’s Democratic majority failed Wednesday to override Gov. Bruce Rauner’s veto of a $721 million bill that would have provided aid for cash-starved community colleges and low income student grants.

Financial and legal firms that do bond work for Chicago’s sister agencies would face greater diversity disclosure requirements under a bill introduced last month to the Illinois General Assembly.

Illinois’ latest tax revenue projections add another degree of difficulty to its already intractable budget deadlock.

Chicago-based Roosevelt University lost one of its investment grade ratings as it struggles with operating deficits driven by the strains of enrollment losses and a hefty debt load.