Yvette Shields

Chicago retirees who stand to lose their city-subsidized healthcare under Mayor Rahm Emanuel's plan to dismantle the existing program and move them to health insurance exchanges are firing back, suing to hold on to the benefit.

Milwaukee County plans to sell $51 million of new money and refunding general airport revenue bonds for General Mitchell International Airport, but received a downgrade and worsened rating outlook.

Illinois Gov. Pat Quinn has signed legislation that paves the way for the use of public private partnership to build the long-planned third Chicago regional airport in the far southwest suburbs.

The Illinois state auditor found "pervasive" management problems and troubling fiscal operations at the Illinois International Port District in a review that covered 2010 and 2011.

Moody's Investors Service has raised Carroll University's rating one notch to BBB-plus in recognition of its positive operating performance.

The Regional Convention and Sports Complex Authority will take competitive bids Tuesday on a refunding of St. Louis County and Missouri's share of outstanding bonds issued for the St. Louis Rams' Edward Jones Dome.

Illinois Comptroller Judy Baar Topinka said state lawmakers won't be paid next month unless they pursue a legal challenge or override Gov. Pat Quinn's action stripping their pay authorization out of the fiscal 2014 budget.

After downgrading Chicago and its school system over mounting pension woes that along with their long-term debts burden the same tax base, Moody's Investors Service took aim at the Chicago Park District.

The Chicago Public Schools proposed a $5.6 billion budget for fiscal 2014 that relies on the maximum allowed property tax hike, spending cuts, and $700 million in reserves to erase $1 billion of red ink.

The Chicago Cubs won Chicago City Council approval Wednesday for their privately-funded $500 million, five-year makeover of the 99-year-old landmark Wrigley Field that includes plans for an adjacent hotel and plaza.

Chicago Comptroller Amer Ahmad will leave city government next month to return to the private sector after serving for a little over two years in Mayor Rahm Emanuel's administration.

Minnesota Gov. Mark Dayton announced his four picks for the board that will guide the state's $455 million public investment in the Mayo Clinic's proposed $6 billion makeover of its hometown Rochester.

The Chicago Infrastructure Trust will launch a search for a placement agent to market a financing that closely resembles a tax-exempt private placement.

Moody's hit Cincinnati School District's certificates of participation from a 2006 issue with a one-notch downgrade to Aa3 due to the credit's links to the recently downgraded city.

Fitch Ratings has stripped Evanston, Ill. of its top credit rating ahead of its sale of $12.7 million of general obligation debt, a ding due primarily to the city's pension funding woes.

llinois Comptroller Judy Baar Topinka and not-for-profit leaders announced the formation of the Illinois Nonprofit Advisory Council to help service organizations deal with fiscal stress driven by chronically late state payments.

The Illinois International Port District, which owns the Port of Chicago, agreed with to lease most of the district's facilities to private investors.

Chicago Public Schools began notifying more than 1,000 teachers of layoffs as the district chips away at a $1 billion deficit

Moody's socked $11.5 billion of Chicago debt with multi-notch downgrades over its mounting pension woes and warned of a potential further hit down the road as a dramatic contribution spike looms.

Ill. Gov. Pat Quinn signed legislation Wednesday that authorizes spending on the $2.7 billion third phase of projects under the state's ongoing $31 billion capital program.