Yvette Shields

Illinois lawmakers head into the final stretch of spring session with negotiations underway on legislation that would alter Chicago Public Schools governance.

The Detroit Charter Review Commission will appeal the Circuit Court decision about proposed changes Mayor Mike Duggan warns threaten the city's fiscal health.

The Detroit Financial Review Commission votes in June on a fourth one-year waiver that allows the city to manage its finances independently.

Michigan officials raised revenue estimates by $2 billion this year and $1.5 billion in fiscal 2022 as the state economy beats early pandemic expectations.

Illinois public universities reap rewards of federal aid and state rating stabilization.

Illinois won't wait for the Treasury Department to consider its request to add COVID-19-related debt repayment as an eligible use of ARP funds.

The state Supreme Court upheld with the original circuit court ruling tossing out the lawsuit, which sought to invalidate more than $14 billion of GO bonds.

Daniel Isacksen Jr. replaces the retiring interim chief financial officer, Cynthia Clemence, for the Livonia, Michigan-based hospital system.

The two systems began negotiations in January to transfer 14 CommonSpirit hospitals in Minnesota and North Dakota to Essentia.

The state's high court justices could resolve legal questions raised in a lawsuit that argues `$14 billion of outstanding GOs are invalid.

The fuel tax increase state lawmakers sent to Gov. Mike Parson promises funding to begin working down the deferred maintenance backlog on highways and bridges.

The Harvey firefighters pension fund argues that the troubled city's share of American Rescue Plan funds should be subject to an intercept of state funds.

State Comptroller Susana Mendoza urges the Treasury Department to change its guidelines to allow the state to pay off MLF loans with ARP funds.

The city and state want to use ARP funds to repay debt issued to manage the pandemic but Treasury's initial guidance would derail those plans.

Mayor Mike Duggan and Michigan's governor, Gretchen Whitmer, have raised alarms over the impact of changes proposed by the Detroit Charter Review Commission.

Gov. J.B. Pritzker is now willing to fully fund a scheduled education funding hike but other contentious issues remain, notably corporate tax breaks.

Federal coronavirus relief helps the city deal with immediate budget problems, but pensions loom large over the city's post-pandemic fiscal landscape.

The change to monthly from quarterly revenue reports is a positive, the rating agency said, though the ordinance doesn't extend to expenses or cash flow.

The state's revised contract with Foxconn on tax subsidies reflects the dramatic downsizing of the original project unveiled in 2017.

Reopening would help a public agency that needs $15 million in state help to cover debt service this year and is asking for additional operating subsidies.