Yvette Shields

Chicago Public Schools plains raise its capital spending next year to install air conditioning in schools, build a new selective enrollment high school named for President Obama, and finance other upgrades as it continues to struggle with its budget.

Standard & Poor's revised its outlook on Mayo Clinic's AA rating to stable from negative due to its improved operating results.

The Missouri Senate on Monday overrode Gov. Jay Nixon's veto of a $620 million income tax cut. A vote in the House is next.

Madison-based University of Wisconsin Health and Illinois-based SwedishAmerican Health System announced plans to merge.

Chicago-based Mesirow Financial elevated David Johnson to head of its public finance group, replacing Steve Hoopes.

The board representing a major Detroit civilian retiree group board has voted in favor of supporting Detroit's proposed plan of adjustment.

The Illinois State Toll Highway Authority plans to sell $450 million of new money revenue bonds on Wednesday for projects in its ongoing $12 billion, 15-year capital program.

A proposal for $100 million in state capital funding assistance to help lure the Obama Presidential Library to Chicago is advancing through the Illinois General Assembly.

The Missouri Senate has approved a measure sending to voters a sale tax hike to fund transportation projects.

The Chicago City Council approved up to $1 billion of new money and refunding water revenue and wastewater revenue bonding.

Moody's Investors Service lowered Des Moines, Iowa's rating by one notch to Aa2 due to its narrow operating reserves, below average income, and elevated debt burden.

JPMorgan recently trimmed about five professionals, primarily bankers, from its public finance rolls, according to several industry sources.

Chicago is prepping up to $1 billion of borrowing under its wastewater and water credits that have escaped the battering seen by its general obligation rating over its pension strains.

Illinois Gov. Pat Quinn raised the idea of sharing more state income tax revenue with local governments to help them stabilize their local pension systems without hitting homeowners too hard on their property tax bills.

Chicago announced Friday that the CTA has secured a $79 million transportation Infrastructure Finance and Innovation Act loan to help fund a new $240 million 95th Street Terminal on a Chicago Transit Authority light-rail line.

Missouri Gov. Jay Nixon is warning that the Legislature's $620 million tax cut legislation could end up costing the state more than $4.8 billion in revenue.

Cedar Rapids, Iowa has lost its top credit marks from Moody's Investors Service.

Illinois received $2.2 billion of orders from 54 investors on its $750 million general obligation bond sale Thursday as its yield penalty widened just slightly from a sale earlier this month.

Chicago needs Illinois Gov. Pat Quinn to sign legislation overhauling two of its pension funds so it can move on to a more elusive fix for its other two funds, the city's Chief Financial Officer Lois Scott said Wednesday.

St. Louis-based SSM Health Care heads into the market Wednesday with a $260 million sale that represents one piece of a roughly $1 billion debt restructuring aimed at streamlining and trimming the system's annual interest costs.