Illinois

Less than three weeks after Harvey Public Library District officials held a groundbreaking ceremony for their multi-million-dollar library expansion in 2015, the Securities and Exchange Commission launched an investigation into the project's funding source, records obtained by the Daily Southtown show.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

Illinois' Baa3 rating remains one notch above junk, but the outlook is now stable, up from negative.

An amended master trust indenture will reflect the combined finances of the largest health systems in Illinois and Wisconsin.

The Harvey City Council will consider an agreement that allows it to keep some state funds being claimed by its pension funds.

Will a lawsuit alleging a conspiracy in the VRDO market be dismissed early?

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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.