Illinois

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Illinois netted $5.7 billion more in income tax revenue last year after raising rates.

CPS inches up speculative grade credit ladder, which in turn helps garner Chicago a stable outlook.

Moody's has cut the ratings of 31 Illinois municipalities due in part to pension strains over the last 18 months.

Chicago Public Schools has GO, revenue, and refunding bond deals in the works.

Johara Farhadieh will maintain her responsibilities as CIO as she takes up the executive director role.

Six straight treasurers want SEC chairman Jay Clayton to stay the course on the commission's forced arbitration policy.

Roosevelt University said its goal is to balance the budget by fiscal 2020.

The Illinois county plans a $175 million new money offering later this summer.

The ruling may trigger the renegotiation of almost all public sector contracts, though severability clauses prevent immediate wage and benefit reductions.

The water and wastewater deals will finance upgrades of the two systems.

The decision could ultimately free up more spending flexibility for state and local governments by weakening organized labor in the sector of the economy where the rate of unionization is the highest.

The state's capital funding needs are far short of its available funding resources.

A general obligation refunding is definitely in the cards for Chicago Public Schools, and a new money deal may come as well.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

Referendums on making Madison County a "sanctuary county" for gun owners and an advisory referendum on holding advisory referendums for bond sales are headed to the November ballot.

Andrew Kim is a veteran Goldman Sachs energy investment banker.

The department's chief procurement officer, Jamie Rhee, will replace Ginger Evans.

The nation's second-most-populous county faces “difficult choices," board President Toni Preckwinkle said.

Illinois and Pennsylvania are the only two with a negative rating outlook, Fitch Ratings said Tuesday.