Yvette Shields

Detroit's finance director had no complaints Thursday about the steep premium the city paid to access the municipal market for the first time since exiting Chapter 9.

Illinois Gov. Bruce Rauner signed legislation Thursday that allows the Metropolitan Pier and Exposition Authority to make its debt payments even without a state budget in place.

Michigan is putting the word out to struggling municipalities that a $5 million grant program is available to help fund special projects that could help free up tax revenue for key services.

Moody’s Investors Service stripped the limited tax general obligation bonds of the Cook County Community School District 147 in Dixmoor, Illinois of their investment grade rating.

The Missouri Development Finance Board signed off on tax credit allocations to support the state-backed financing plan for a new $1 billion St. Louis Rams professional football stadium.

Detroit will price its first post-bankruptcy borrowing Wednesday after a full-court press on investors that emphasized state backstops that won the deal an A rating.

Illinois Gov. Bruce Rauner’s latest offer to shore up the finances of Chicago Public Schools fell flat with Democratic legislative leaders who don’t like the conditions attached.

Moody’s Investors Service downgraded St. Louis one notch.

Moody's Investors Service has revised its outlook on Wisconsin-based Mercy Alliance's A2 rating to negative from stable due to execution risks with the system's January merger with Rockford Health System.

Moody’s Investors Service labeled Wayne County, Mich.’s proposed consent agreement with the state a credit positive as efforts advance to deal with the county’s fiscal emergency.

Standard & Poor’s stripped the Chicago Public Schools of its investment grade rating with a three notch downgrade saying a proposed budget does little to solve its structural or liquidity woes.

The Illinois Finance Authority advanced plans for nearly $1 billion in borrowing on behalf of not-for-profit schools and hospitals led by the University of Chicago.

The Illinois Supreme Court will consider Chicago's appeal of a lower court ruling voiding its 2014 pension reform legislation under an expedited timetable leading to oral arguments this November.

A group of Illinois House Democrats proposed legislation Thursday to end the state’s practice of subsidizing local districts’ teacher pension contributions — a move that could help Chicago Public Schools.

The Illinois House unanimously passed a bill that authorizes $5.2 billion in federal funds spending and allows the Metropolitan Pier and Exposition Authority to make debt payments, after Democrats abandoned efforts to tack general fund spending onto the measure.

Wisconsin took the first steps Wednesday toward putting together a team for about $200 million of borrowing planned for a new Milwaukee Bucks arena as Gov. Scott Walker signed into law the project’s public financing package.

Moody’s Investors Service labeled the Metropolitan Pier and Exposition Authority's inability to make its monthly debt service deposit a “credit negative” for Illinois’ A3 rating.

Standard & Poor's credit view of Illinois' flagship public university has dimmed due to uncertainty over when the state will solve its fiscal 2016 budget impasse and how the school will fare in a final plan.

Wisconsin’s new capital finance director David Erdman is a familiar name to the public finance community that does business with the state.

Chicago Public Schools released a proposed $6.4 billion fiscal 2016 budget that pockets more than $300 million from one-shots and gambles on the state coming through with nearly $500 million in pension.