Yvette Shields

Illinois Gov. Bruce Rauner signed legislation that frees up $3 billion of funds, allowing the state to distribute motor fuel taxes, gambling, and emergency phone service revenues to local governments.

The Metropolitan Water Reclamation District of Greater Chicago’s proposed $1.21 billion budget has won a key endorsement.

The sales tax surcharge that financed improvements to the Green Bay Packers’ home -- Lambeau Field – has officially ended and about $18 million in surplus revenues are headed to local governments.

Key portions of a lawsuit filed by a group of Chicago retirees to block the city’s attempt to phase out their healthcare subsidies can proceed, a state court judge ruled.

Standard & Poor's raised St. Louis’s parking revenue bonds by one notch as the credit profile received a boost from a recent rate increase.

Improving operating margins helped win Missouri-based Mercy Health a stable outlook from Moody's Investors Service.

Minnesota’s coffers have surged to twice the previously projected balance, prompting a new round of debate over how to spend the extra funds with a focus on tax cuts, education, and transportation.

Moody’s Investors Service revised the outlook on its Baa3 rating of Roosevelt University in Chicago to negative as it struggles with enrollment loses.

Moody’s Investors Service has placed Indianapolis Public Schools Aa2 rating under review with its direction uncertain due to the lack of current financial information.

Motor fuel tax revenues and gambling tax funds owed to local governments in Illinois would begin flowing again under legislation advancing with Gov. Bruce Rauner’s support.

Chicago Public Schools’ chief financial officer, Ginger Ostro, is leaving the troubled district.

Illinois will make its scheduled $560 million December pension payment despite the ongoing state budget impasse, state comptroller Leslie Geissler Munger says.

The Illinois-based College of DuPage’s former treasurer Thomas Glaser and controller Lynn Sapyta filed a federal lawsuit Tuesday accusing their former employer of wrongful termination for their opposition to a board member’s political agenda.

Nearly four dozen Michigan school districts have suffered credit erosion this year and the trend shows no signs of waning, Moody's Investors Service said in a report.

The Moraine Valley Community College in Illinois lost its top credit marks ahead of its upcoming $9.2 million general obligation refunding.

The University of Michigan heads into the market this week with $312 million of high-grade revenue paper to fund ongoing capital projects and refund debt.

West Fargo, N.D.'s general obligation and sales tax revenue credits were cut one level to A1 by Moody's Investors Service, which cited the city's growing debt load.

Illinois’ economic strengths and fiscal flexibility as a sovereign state won’t shield it from further credit erosion, which would move it closer to junk, Moody’s Investors Service said in a special commentary.

With a fresh upgrade in hand and the prospects of more to come, Detroit's water and sewer department is selling its final deal before handing its more than $5 billion of debt over to the Great Lakes Water Authority.

The credit picture for the already junk-rated Chicago Public Schools has become even bleaker as Standard & Poor’s placed the district on CreditWatch with negative implications.