Yvette Shields

Chicago officials warned state lawmakers that Gov. Bruce Rauner’s sweeping statewide pension proposal offers Chicago Public Schools only a temporary salve.

Illinois Attorney General Lisa Madigan wants to leave the door open for a possible U.S. Supreme Court appeal after the state's high court voided a state pension system overhaul.

Fitch Ratings downgraded the Chicago Board of Education’s $6 billion of general obligation debt down to junk Monday.

The Milwaukee comptroller’s office is accepting proposals from bond counsel firms for any city financing to cover its share of a new arena for the Milwaukee Bucks.

Three years after its much ballyhooed launch by Mayor Rahm Emanuel, the Chicago Infrastructure Trust, slow to get off the ground, is getting a makeover.

A Cook County Circuit Court judge declared Chicago’s overhaul of two of its four pension funds to be unconstitutional and void in its entirety.

Airlines that operate at the Kansas City International Airport and a city study group prefer a new terminal to renovations of the existing one.

The Illinois legislative audit commission has formally launched its search for candidates to replace retiring auditor general William Holland.

The Wisconsin Assembly will take up on Tuesday a financing plan that provides $250 million in public funds for a new Milwaukee Bucks arena.

The Chicago Board of Education authorized $1.16 billion of borrowing to pay for ongoing capital projects, to cancel swaps, and refund debt for budget relief.

The Illinois Senate president called on Gov. Bruce Rauner to offer a new, balanced budget for fiscal 2016, warning that, without action, the state’s battered credit faces a further hit.

Illinois debt manager Jessica Akey is leaving state government to join Standard & Poor’s, multiple public finance sources said.

A federal appellate panel tossed five of 18 corruption-related counts that landed former Illinois Gov. Rod Blagojevich a 14-year sentence in 2011.

The Illinois Finance Authority is rolling out a new financing program to help smaller hospitals purchase equipment and meet federal healthcare record-keeping mandates.

Standard & Poor's says Children’s Hospitals and Clinics of Minnesota could win an upgrade if its operations remain on the upswing.

Moody’s Investors Service has raised Minneapolis-based Fairview Health Services’ rating by one level to A2 ahead of its upcoming revenue bond sale for $120 million.

Swap termination fees are among the items to be financed under a $1.16 billion general obligation bond authorization that is up for a Chicago Board of Education vote.

Steep junk-level yield penalties drew strong interest in Chicago's $347 tax-exempt sale Thursday which followed the city's pricing of $743 million of taxable securities a day earlier.

Chicago Mayor Rahm Emanuel rolled out a new leadership team for the fiscally beleaguered Chicago Public Schools that will be led by his recently appointed chief of staff, Forrest Claypool.

lllinois' Senate Democrats pushed through a one-month $2.26 billion budget and overrode Gov. Bruce Rauner vetoes on $2.3 billion of spending in their fiscal 2016 budget.