Yvette Shields

The Illinois Senate returns to work Tuesday for a discussion on the state’s property tax system with Gov. Bruce Rauner pushing for a local freeze as a condition to ending a budget stalemate.

A financing package that relies on $250 million of public support to build a new $500 million arena for the National Basketball Association's Milwaukee Bucks is headed to state lawmakers.

Strapped for cash, the Missouri Highways and Transportation Commission is looking to private industry, entrepreneurs, and innovators to come up with ideas to upgrade a stretch of its historic Interstate 70.

Moody's Investors Service dropped Steele County, Minn.’s general obligation rating by four levels due the strain of enterprise systems and a senior living facility on its balance sheet.

Illinois Gov. Bruce Rauner told his cabinet the state must prepare for operating and cash flow challenges if a stalemate over the fiscal 2016 budget isn't resolved.

Helped by a stronger revenue backing, Chicago’s remarketing of $112 million of sales tax-backed fared notably better Wednesday than its general obligation issue a week earlier, though spreads demonstrated a substantial market penalty.

Illinois Gov. Bruce Rauner is halting some tax credits and suspending the Illiana Corridor toll road project to achieve savings in the absence of a fiscal 2016 budget agreement

Chicago’s downgrade to junk sharpened attention on the splits among rating agencies, sparking a spirited debate in the municipal market far beyond the struggles of the Windy City.

The Chicago Board of Education won't face a rating hit from Standard & Poor's as Chicago did after losing its investment grade credit from Moody's Investors Service.

The Illinois General Assembly granted Chicago Mayor Rahm Emanuel’s request for partial relief from a $550 million public safety pension spike in the waning hours of its spring session. The bill moves to the governor.

Chicago Public Schools’ chief financial officer Barbara Byrd-Bennett has resigned, a month and a half after it was disclosed that federal authorities were probing her role in a no-bid contract.

Chicago heads back into the market Wednesday to convert $112 million of floating-rate sales tax-backed bonds to a fixed rate, further chipping away at bank credit risks that posed a $2.2 billion liquidity risk.

With Illinois' credit rating hanging in the balance, the state's spring legislative session ended in gridlock with passage of a $36 billion budget labeled by Gov. Bruce Rauner as "phony."

Moody’s Investors Service has downgraded Kendall County Forest Preserve District in Illinois by one level to A2 and warned of further action by assigning a negative outlook as the district’s balance sheet struggles.

Six Missouri lawmakers have filed a complaint aimed at preventing Gov. Jay Nixon from tapping revenues that go to repay debt on the St. Louis Rams’ stadium for a new professional football stadium without legislative or voter support.

St. Louis voters will decide in an August ballot measure whether the city should issue $180 million of debt to fund infrastructure improvements.

After meeting with legislative leaders Friday, Illinois’ rookie GOP governor voiced optimism that an impasse over the fiscal 2016 budget will be bridged, though no deal was expected before Sunday’s scheduled adjournment.

Chicago took a beating but got its deal done as it offered its first general obligation bonds in more than a year Wednesday, with its fall to a junk-bond rating fresh on investors’ minds.

Standard & Poor's has revised its outlook to positive from stable on Illinois-based Blessing Hospital's A-minus rating in recognition its solid operations.

Moody's Investors Service has upgraded Kenosha Unified School District #1 in Wisconsin to Aa3 from A1 due to the district's strengthened fiscal position.