Yvette Shields

Illinois Gov.-elect Bruce Rauner has the legal authority to appoint a replacement to serve out the upcoming term of the late Comptroller Judy Baar Topinka, but Illinois lawmakers should hand the decision over to voters in 2016, Attorney General Lisa Madigan said.

The federal government has given Illinois and Indiana the go ahead to advance plans for a more than $1 billion bistate toll road both states hope to build with financing from a public-private partnership.

A federal judge in Chicago has signed off on Harvey, Ill.'s settlement with the Securities and Exchange Commission over charges it misled investors by diverting bond proceeds from their intended use.

The Metropolitan Water Reclamation District of Greater Chicago will bring as soon as Monday a $300 million sale that offers a mix of refunding securities and new-money designated as "green bonds" to fund projects including the mammoth deep tunnel project.

Seven St. Louis County local governments, including Ferguson, face litigation challenging the legality of their municipal court fees.

Squeezed for funds to finance transportation projects, Missouri is eyeing tolls to improve and expand Interstate 70.

Minnesota Gov. Mark Dayton tapped his Department of Revenue Commissioner Myron Frans to replace Jim Schowalter in the state's top fiscal post at Minnesota Management and Budget, which oversees debt management.

The Illinois Supreme Court agreed Wednesday to an expedited review of Illinois' appeal of a lower court ruling overturning state pension reforms.

The Illinois Finance Authority board signed off Rush University Medical Center $600 million refunding and issues that will help finance Chicago Navy Pier's big overhaul and finance construction of a compressed natural gas station for Pace suburban bus service.

Illinois Comptroller Judy Baar Topinka, admired across party lines for her blunt nature and down-to-earth style, died early Wednesday after suffering a stroke. She was 70.

A profound shift in debt management and the control of a handful of state related agencies with bonding powers may lay ahead for Illinois as the state ushers in its first Republican governor in 12 years.

The Iowa Public Employees' Retirement System’s funded ratio rose to 82.7% in the last fiscal year up from 81% a year earlier.

Moody's Investors Service has shifted its outlook to positive from stable on Illinois-based Blessing Hospital's A3 rating in recognition of strong growth on its investments.

Moody's Investors Service has revised its outlook on Central Minnesota Municipal Power Agency's A3 rating to positive from stable as the agency makes progress on a high voltage transmission line project and its members have seen improved credit quality.

Connecticut Treasurer Denise L. Nappier will receive the Chicago-based Women in Public Finance Founders Award for lifetime achievement with the group's "She's Our Hero" award going to Monika Suarez at Western Alliance Bank in Los Angeles and the "Rising Star" award going to Jessica Akey, of the state of Illinois.

Strong double-digit investment returns in fiscal 2013 couldn’t stave off funding deterioration for some of the 11 pension funds that cover Chicago area governments and local government employees throughout the state.

Moody's Investors Service Monday revised its outlook to stable from negative on two Illinois-based health systems in recognition of the benefits of their year-old move to join forces.

The Metropolitan Pier & Exposition Authority signed off a $564 million contract to design and build a new convention center hotel and events center that will house an arena for DePaul University's Blue Demons basketball team.

Moody's Investors Service has revised Wisconsin-based ProHealth Care Inc.'s outlook to negative after several years of softening operating results.

A task force examining the needs and funding options for Milwaukee's cultural institutions is floating a sales tax hike to fund capital improvements for regional attractions with the notable exceptions of a new arena for the Milwaukee Bucks and convention center expansion.