The Latest

More than 80% of Michigan's larger cities said they are using ARPA funds for capital improvements like buildings and parks.

Hawaii and West Coast states are taking aim at helping the homeless in this year's budgets.

The upgrade "is driven by sustained improvements in the city's income tax collections and the city's superior gap-closing capacity," Fitch said.

Moody's negative outlook pinned on rough economic seas ahead for the city, possibly through 2025.

Chasse Rehwinkel most recently has held the position of director of banking for the Illinois Department of Financial and Professional Regulation. 

The Investment Company Institute reported investors pulled $136 million from municipal bond mutual funds in the week ending June 28, after $338 million of inflows the previous week.

While all four of Chicago's weakly funded pension funds hit a milestone by posting modest increases in their funded ratios in 2021, they lost ground in 2022 due to investment losses driving up the city's pension burden to $35.4 billion

Federal Reserve officials were less united at their June meeting than their unanimous decision suggested, as some favored interest-rate increases but went along with the move to leave policy unchanged.

The express train last week completed a long-awaited extension to the Orlando airport.

The rating agency said the airport has a one-in-three chance of an upgrade over the two-year outlook period.