Yvette Shields

The Metropolitan Pier and Exposition Authority, which owns the Chicago’s convention center, has hired planning veteran and mayoral aide Lori Healey as chief executive officer.

The Chicago Public School system is limping back to the bond market next week following reports of a federal probe and bankruptcy talk from the governor.

Ill. Gov. Bruce Rauner's proposed $2.2 billion pension reform plan needs a thorough review to determine its long-term impact and whether it runs afoul of federal rules ahead of any legislative vote, two Illinois lawmakers said.

Illinois Gov. Bruce Rauner has tapped an Illinois banker -- Rob Funderburg -- to lead the Illinois Finance Authority board.

The $1.3 billion sweep of non general fund accounts to help close a shortfall in Illinois' current budget drew $300 from key transportation funds used to pay for capital projects and cover debt service, according to a report from a local government watchdog organization.

Underwriters and investors in billions of dollars in debt sold to finance the Prairie State coal-fired energy plant should come together to discuss relief for local municipalities burdened by the plant’s higher energy costs, according to an environmental group.

The St. Louis public agency helping in efforts to build a new stadium for the Rams football team is seeking clarity from the courts over whether the city can contribute financially to the project without a public vote.

Moody’s investors Service socked a struggling Illinois school district with a four-notch downgrade, putting on the lowest investment grade run and warning that a drop to junk could loom.

Minnesota lawmakers should use the state's budget surplus for education and other services and approve new borrowing for transportation and infrastructure to make a lasting imprint on the state landscape, Gov. Mark Dayton urged in his state of the state address.

The Milwaukee Bucks unveiled plans for a $500 million multi-use downtown arena to house the National Basketball League team and an adjacent $500 million mixed use development with hopes of soon locking in a public financing package.

Voters in Ferguson, Mo., elected two African Americans to their city council in the first city election following a controversial police shooting inspired efforts to cut Missouri governments' reliance on court fines to support budgets.

With the election now behind him, Chicago Mayor Rahm Emanuel needs to make quick headway on solving the city's severe pension and budget woes if he hopes to avoid a rating downgrade, Standard & Poor's warned Thursday.

Chicago Mayor Rahm Emanuel has little time to savor his election victory as the city and the municipal market look for solutions to the city's daunting financial problems.

Counterparty Wells Fargo has so far refused to lower the rating threshold for three Chicago swaps that reached termination events through recent downgrades, a source said.

Chicago Mayor Rahm Emanuel won a second term Tuesday, fending off rival Jesus "Chuy" Garcia after casting him as ill-prepared to tackle the city's deep fiscal woes. Emanuel took 56% of the vote compared to Garcia's 44%.

Minnesota Gov. Mark Dayton unveiled an $842 million bond-financed capital budget, promoting it as a means to create thousands of jobs while improving the state's infrastructure and economy.

Moody's Investors Service April 6 stripped Illinois' North Chicago School District No. 187 of its investment grade rating as the district struggles with property tax valuation declines and operating deficits.

A San Francisco-based airline's April Fool's joke triggered a disclosure notice on EMMA; the trustee for bonds issued for the airport in Branson, Mo. Wanted to be sure bondholders new that Virgin America was just kidding about its plans to serve Branson.

Chicago voters head to the polls to pick their next mayor Tuesday after a seven-week runoff contest where the city's fiscal ills have taken center stage in an election in which neither candidate is willing to talk about property tax increases.

The Chicago Board of Education will return to the market on April 21 with the second phase of a planned borrowing that was delayed by a stinging round of downgrades and headline risks over the mayoral run-off.