Yvette Shields

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.

The Chicago Park District heads to market Thursday with $88 million of debt that market participants say should offer up some alluring yield premiums due to the troubled Chicago name.

Fitch Ratings removed Wayne County, Michigan's speculative grade rating of B from its Rating Watch Negative in recognition of the city's improved fiscal prospects under a proposed state consent agreement.

Chicago Mayor Rahm Emanuel will unveil his proposed 2016 budget Sept. 22, giving market participants a few days to digest his plan for stabilizing city finances before hosting investors on Sept. 25.

Investment banks interested in working on Wisconsin's financing for a new $500 million Milwaukee Bucks professional basketball arena have until Sept. 1 to submit their qualifications, as officials want to get the deal done by the end of the year.

Missouri will begin tapping about $300 million in borrowing authority when its sells $60 million of high-grade special obligation bonds Tuesday for renovations to the state capitol and other state and university building projects.