Illinois

The school district says fiscal gains allow it the option of going with a competitive sale on its short-term borrowing.

Financial institutions and other businesses with ties to the kingdom would face a ban on doing business with Chicago under a proposed ordinance.

The 50 City Council members will ultimately have to sign off on new revenue needed to achieve actuarial funding.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.

The city is also considering its first general obligation bond issue since 2017.

Rahm Emanuel, who is not seeking re-election, offered a budget with no tax increases or answers to long-term pension funding questions.

Bids were plentiful on the competitive deals but spreads were higher in the wake of two downgrades.

In their pleading, banks said the plaintiff is "precisely the sort of 'busybody' " that is prohibited from making such claims.

Moody's cut the rating of Oak Lawn, Illinois, to the lowest investment grade level.

Pension obligation bonds won't be in the mayor's budget plan, and rising rates are making it harder for a deal to pencil out.

The Build Illinois bonds still carry single-A to double-A ratings, even after rating cuts tied to the state's overall fiscal woes.

Cook County Board President Toni Preckwinkle unveiled a $5.92 billion spending plan for fiscal 2019.

The three states are in the bottom of a ranking of state fiscal conditions by the Mercatus Center at George Mason University.

Northwestern Memorial Healthcare's long-stalled acquisition of Centegra was finalized last month.

The whistleblower responsible for federal investigations and lawsuits accusing banks and broker-dealers of fraud and collusion in the remarketing of variable rate demand obligations will likely be forced to go public because of a recent ruling by Massachusetts’ highest court.

The not-for-profit university closed on a $195 million privately placed refunding that eases debt service demands.

Illinois-based OSF Healthcare System will refund $470 of debt this week and next.

Moody's boosted its outlook for the University of Illinois to stable from negative ahead of the deal.

The state Supreme Court upheld a law that safeguards local property tax exemptions for the hospitals.

In an aging nation, Texas is showing the strongest demographic trends, according to S&P Global Ratings.