Yvette Shields

JPMorgan, ranked second among senior managers last year, is losing about six mid- and senior level public finance bankers through a mix of departures, retirements, and one cut, according to industry sources.

Unions have weighed in with their brief as the Illinois Supreme Court prepares to hear oral arguments March 11 in the state's appeal of a lower court ruling voiding the legislative package that cut benefits for four of the state's five pension funds.

Minnesota's latest revenue forecast added another $800 million to a projected surplus, more than doubling the extra revenue expected in the next biennium.

Standard & Poor's revised its outlook to positive on Moberly, Missouri’s B issuer credit rating in the city's first good rating news since the sucralose factory debacle that cost it investment-grade ratings.

Missouri Gov. Jay Nixon named aide John Watson Friday to temporarily serve as state auditor following the suicide of Tom Schweich.

Chicago's latest rating downgrade paints the city further into a financial corner; Moody's Investors Service dropped the Windy City one notch to Baa2 from Baa1.

Moody's Investors Service delivered a blow to Chicago, downgrading the city one notch to Baa2 and maintaining a negative outlook, citing daunting pension obligations.

Litigation seeking to block Chicago from implementing its 2014 pension reforms until a legal challenge is decided was put on hold at the plaintiffs' request.

Moody's Investors Service revised its outlook for Cedar Rapids, Iowa-based Mercy Medical Center to stable from negative Feb. 24, when it affirmed the medical center's A2

Standard & Poor's is warning that Chicago's "surprise" mayoral runoff could delay the city's response to a looming $550 million to $600 million hike in its public safety pension payments.

The Chicago Public Schools is seeking board approval to tinker with $700 million of debt in its portfolio.

Iowa Gov. Terry Branstad signed into law a transportation funding package that raises the state's tax on gasoline and diesel fuel by 10 cents a gallon and lifts permit fees on oversized vehicles.

Chicago Mayor Rahm Emanuel faces a run-off against his top challenger Jesus "Chuy" Garcia after failing to capture a majority of the vote in Tuesday's mayoral contest.

Moody's Investors Service expressed doubt that retirement benefit savings pitched by Gov. Bruce Rauner can be achieved in time to balance the proposed 2016 budget.

Wisconsin's capital finance office is seeking applicants to fill two spots on its team charged with managing state borrowing programs.

Minnesota Gov. Mark Dayton unveiled projects in line for funding if lawmakers approve his plan to bolster transportation spending by billions in the coming years through tax and fee hikes and borrowing.

Moody's Investors Service hit Sangamon County School District 186 with a downgrade and warned of the possibility for further deterioration in part due to pressures from the state's fiscal struggles.

Rating agency analysts and other market participants labeled Illinois Gov. Bruce Rauner's proposed fiscal 2016 budget, which relies on cuts to close a big deficit, an opening shot in a long game with an uncertain outcome ahead.

Public finance banker R. Ray Kljajic, a staple of Chicago's municipal bond community, is leaving Citi after a 25-year career there to pursue consulting and other opportunities in the infrastructure realm and in tax policy.

Republicans embraced Illinois Gov. Bruce Rauner's proposed budget as "bold" while Democrats who control the General Assembly slammed the depth of spending cuts and labeled a reliance on savings from pension reforms as "reckless."