Yvette Shields

Illinois Gov. Pat Quinn outlined plans to spend $12.6 billion over the next six fiscal years on transportation and said more spending and borrowing for capital projects is needed.

Wisconsin will test a new bidding requirement in its $435 million competitive sale next week by setting a minimum coupon on the final five maturities of the 20-year paper.

Gov. Jay Nixon last week signed a $219 million supplement to the fiscal 2013 budget that provides funding for education and other services.

Fitch Ratings has upgraded Olmsted Medical Center's rating by one notch, pushing it into the A category in recognition of its strong financial profile and increasing liquidity.

Chicago officials reported that hotel occupancy last month hit a record level for a March, helping bring first quarter results to levels not seen in five years.

Major League Baseball's Chicago Cubs would privately fund an overhaul of the 99-year-old Wrigley Field and construction of an adjacent hotel and plaza under a tentative $500 million plan.

Iowa Treasurer Michael Fitzgerald called Gov. Terry Branstad's alterative to the federal government's Medicaid expansion a bad deal for the state.

Siebert Brandford Shank & Co. LLC has hired the Chicago Transit Authority's former chief financial officer Karen Walker to lead its Chicago office.

The Illinois Supreme Court agreed Thursday to hear a direct appeal of a Circuit Court decision leaving intact a state overhaul of retiree health care benefits.

Minneapolis-based Fairview Health Services and South Dakota-based Sanford Health have canceled discussions over a possible union due to mounting opposition in Minnesota.

The Rehabilitation Institute of Chicago plans to sell up to $450 million of new-money and refunding bonds as it finalizes financing plans for a $550 million replacement facility.

The Illinois State Toll Highway Authority will sell $500 million of toll-backed revenue bonds next week in the agency's first market outing as it embarks on a $12.1 billion, 15-year capital program.

The Missouri Highways and Transportation Commission has named its chief engineer Dave Nichols to serve as director of the Missouri Department of Transportation.

Voters in St. Louis and St. Louis County last week passed Proposition P, a sales tax increase to help fund trail and park improvements and renovations to the Gateway Arch.

Edward Hospital & Health Services and Elmhurst Memorial Healthcare formally decided to merge to create one system with more than $1 billion in annual revenues.

Minnesota Gov. Mark Dayton unveiled a $750 million capital bonding package Monday that provides funds for infrastructure projects across the state.

The Chicago Infrastructure Trust received responses from 13 financial firms or groups in its first solicitation of private market interest in funding up to $100 million of energy efficiency upgrades to city facilities and schools.

Two Minnesota lawmakers plan to introduce legislation next week that would delay any state bond issuance for the new $975 million Minnesota Vikings professional football stadium until a stable revenue source is put in place that can support repayment.

Missouri Secretary of State Jason Kander issued a cease-and-desist order against the former Morgan Keegan & Co. Inc. for alleged fraud in its role as underwriter on $39 million of defaulted revenue bonds issued by a Missouri city for a now abandoned artificial sweetener plant.

Xenia Rural Water District in Iowa has finalized a long sought restructuring plan with its bond insurer and the USDA Rural Development on $125 million of debt.