Yvette Shields

To qualify for bond credit enhancement, the state treasurer requires school districts certify compliance with a court ruling against public health mandates.

The Missouri State Employees Retirement System filed an amended complaint against Catalyst Capital Group Inc. accusing it of mismanaging investments. The firm counters the fund is trying to shift the blame for its own mismanagement.

The state says it would rid itself of a $500 million deferred maintenance tab by selling and then buying back a 30% stake in the Thompson Center.

Most states with remaining balances totaling $39.3 billion want more time to enact a plan to repay the loans taken out to manage pandemic-driven job claims. Interest began accruing in September.

Harvey began posting financial and bond delinquency notices this year as it tries to overcome its deep fiscal strains and past mismanagement that drew regulatory and bondholder ire.

The U.S. labor shortage is bearing down on hospitals' bottom line and shows no signs of letting up next year according to rating agencies' 2022 sector outlooks.

Chicago's captured a new low in recent history on tax-exempt spreads but the taxables, which were downsized by $500 million, faced a tougher road amid Treasury volatility.

Illinois' unfunded pension tab dropped slightly to $139.9 billion from $141 billion on an actuarial basis while the market value view saw a $14 billion cut thanks to exceptional returns.

Rosier revenue projections will allow Minnesota to pump up its rainy day fund to pre-pandemic levels while still leaving a $7.7 billion surplus.

For $790 million, the NFL settled a suit alleging that the league failed to follow its own rules when it allowed the Rams to leave St. Louis for California.

Chicago's long-planned refinancing was led by a GO tranche priced Tuesday with spreads of 33 to 86 basis points, and follows with the Sales Tax Securitization piece Wednesday.

The Chicago-area transit service boards expect a boost from strong sales tax revenue and discretionary grant funding from the federal infrastructure package.

Michigan expects to receive at least $10 billion from the federal infrastructure package that will give a boost to the state's Michigan Clean Water and Rebuilding Michigan programs.

Chicago Mayor Lori Lightfoot is aiming to present her pick among five casino bidders to the City Council early next year.

Kaufman Hall acquired HRE Capital last week

The state will take a fresh dose of good rating news into the market when it competitively sells $400 million to fund pension buyouts and capital expenditures.

The tender/exchange offer is built into a more than $1 billion refinancing the city plans to price in early December.

Illinois local governments weighed down by rising public safety pension contributions are turning to pension obligation bonds.

The Metropolitan Water Reclamation District of Greater Chicago green bonds will fund its its deep tunnel project and waste and storm water management projects.

The Missouri Highways and Transportation Commission will competitively sell $91 million for bridge projects, its first deal in two years.