Yvette Shields

Illinois closed Thursday on its second MLF borrowing as the program nears its expiration date.

Chicago's CFO turned to short-term borrowing to see whether the federal government comes through with aid to make up for the COVID-19 pandemic's tax blows.

The state will repay borrowing by the Michigan Strategic Fund to cover its $600 million preliminary settlement over the Flint water contamination crisis.

The high-yield deal will mark the junk-rated city's third post-bankruptcy general obligation issue on its own credit, without any external support.

Illinois expects to close by the end of the week on a three-year loan through the Federal Reserve at 3.42%, a steep penalty compared to the state's current trading levels.

The authority that financed baseball and football stadiums in Chicago is sounding fiscal alarms as the coronavirus pandemic crushes hotel tax revenue.

Fiscal 2020 added another $3.8 billion to the state's unfunded pension liabilities, according to a new state report.

Wisconsin will use new pools for negotiated transactions starting next year

Moody's dropped the Chicago Archdiocese' rated debt by three notches to Ba1.

The state attorney general is asking the court to clarify the legal standard for denying taxpayer actions and decide if the state constitution limits GO borrowing to capital purposes.

The $5.35 billion transaction being recognized by The Bond Buyer as Midwest Deal of the Year met a series of state goals.

Deep bondholder losses are expected when the bonds issued for five Better Housing Foundation portfolios in and around Chicago emerge from Chapter 11.

Moody's downgraded Wisconsin's largest city by one notch due to budgetary pressures.

In retirement, he's launched a consulting firm that has several irons in the fire, including continued work on research products for Loop.

Forecasters now expect a $641 million surplus this year and a much smaller than previously projected $1.3 billion gap in the next two-year budget cycle.

Fitch says the bond-financed settlement provides certainty and leaves the state's reserves intact, which puts the state on sound footing to manage the uncertainties with the coronavirus.

Modest revenue growth is projected over the course of the biennium that begins July 1, but “unprecedented volatility” because of the pandemic remains a concern.

Illinois will borrow $2 billion through the Federal Reserve's Municipal Liquidity Facility to help manage its 2021 budget gap. The state previously borrowed $1.2 billion from the MLF for its fiscal 2020 pandemic hole.

The budget cleared the Chicago City Council Tuesday. Rating agency and buy side reviews on the final plan will come next.

The budget closes a $400 million general fund and health care system gap and rising structural costs without a tax hike