Yvette Shields

The Iowa Finance Authority hits the market Wednesday with $323 million of new-money and refunding state revolving bonds that will carry a “green” designation.

The Chicago Transit Authority struck a $32.5 million deal with four telecommunications companies to finance the upgrade of wireless phone service in the authority’s subway system to a 4G network.

The Chicago Transit Authority received AA-minus and A-plus ratings on its planned $120 million TIFIA loan for the renovation of a major rail transit line.

Wisconsin is offering up more than $500 million of general obligation paper in the coming weeks, first in a $280 million new money issue selling Tuesday and then in a $260 million refunding slated for later in February.

Chicago Mayor Rahm Emanuel's top infrastructure priorities if re-elected to a second term are safe and efficient transit options, expanding access to parks and recreational areas, and creating more anchors for economic growth in city neighborhoods.

Legislation raising Iowa's gasoline tax by as much as 10 cents to bolster state transportation spending is being prepared with several key lawmakers saying the bill stands a good chance due to mounting bipartisan support for action.

Boston-based Nixon Peabody LLP and Chicago-based Ungaretti & Harris LLP will merge on Feb. 1, a pairing that lands Nixon a seasoned public finance team in Chicago while broadening Ungaretti's reach nationally.

A federal judge ordered the former comptroller of a Harvey, Ill., to pay more than $200,000 in fines and barred him from participation in any future municipal issues for his role in misleading investors on several of the south Chicago suburb's past bond offerings.

One day after unveiling a 10-year, $11 billion transportation plan, Minnesota Gov. Mark Dayton laid out the second major piece of his legislative agenda Tuesday in announcing a $42 billion two-year budget that taps the state's $1 billion surplus to raise education spending.

Wisconsin would divert future growth in income taxes paid by Milwaukee Bucks players and visiting teams to repay $220 million in state appropriation-backed borrowing to help finance a new professional basketball arena under a plan Gov. Scott Walker will include in his new budget.

Standard & Poor's has revised its outlook on Columbia College Chicago's underlying BBB-plus rating to negative from stable over its operational struggles and management turnover.

Chicago's O'Hare International Airport reclaimed the title of world's busiest airport in 2014 a decade after ceding the status to Atlanta's Hartsfield-Jackson Memorial Airport.

Wisconsin must close a $283 million gap this year and erase another $648 million more of red ink in following two years to keep its books balanced, according to the latest revenue forecast that will guide the crafting of a new two year spending plan.

The Illinois Supreme Court denied requests by Chicago, other issuers, several civic groups, and a municipal lawyers group to file briefs supporting Illinois Attorney General Lisa Madigan's defense of state pension reforms.

The Chicago region needs $16.6 billion over the next decade for routine transit maintenance and capital spending with another $19.5 billion tacked on to the tab to cover deferred investment, the Regional Transportation Authority warned.

Illinois Gov. Bruce Rauner has imported three outsiders all with government experience to lead a "turnaround team" that includes the new position of chief financial officer to be filled by consultant Donna Arduin. He also named former Hawaii Gov. Linda Lingle and former Georgia COO Trey Childress to his team.

Missouri Gov. Jay Nixon unveiled a fiscal 2016 budget that begins drawing on existing bonding authority to fund more than $300 million in projects at state facilities and public higher education institutions as the new legislative session kicks into high gear.

Chicago and its south suburban neighbor Harvey have struck a $20 million settlement that resolves a dispute over the suburb’s delinquent payments for city-supplied water.

Chicago-based William Blair & Co. hired veteran underwriting manager John Feery to lead its negotiated underwriting group, finalizing leadership team changes as the firm pursues its national expansion path.

Illinois needs both spending cuts and tax hikes to fix a chronic budget imbalance that will grow to $14 billion over the next decade without structural change, an academic research group warns.