Illinois

Illinois paid more to borrow in Wednesday's bond sale compared to last year, though yields narrowed from recent trading levels.

The payment of interest penalties lags as Illinois works to repay its mountain of bills.

Solving the state's pension crisis will require politically painful options for taxpayers and public employees.

Officials want to cast the state's fiscal health in a more positive light even as offering documents lay out a starker assessment.

Pushing off painful decisions tanked Illinois' ratings while California reaped spread and rating benefits from better choices.

The deal absorbs the debt of newly acquired systems, and SSM says it will "materially" lower interest.

Illinois remains delinquent on transit aid payments, highlighting the need for RTA's working cash authorization.

Local government public safety pension funds are armed with new funding enforcement mechanism.

S&P Global Ratings still has the district well inside junk-bond territory at a B rating.

A banking industry official warned aldermen that some institutions would cut ties to the city if it enacted such an ordinance.

Enhanced security at schools has received heightened attention in the aftermath of the Parkland, Florida, school massacre.

Fitch said Chicago's modernization plans may not protect O'Hare against rating pressures as debt levels swell.

The deal would have extended the three-hospital Rush system’s reach, while providing Little Company of Mary Hospital a more affluent partner as it struggles with red ink.

Chicago suburb warns of "catastrophic” impact of state withholding funds.

An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.

Illinois lawmakers returned to work this week with less than two months to settle on a budget.

Though the legal setback is "harmful" to the Chicago Park District's plan to increase pension funding, it doesn't cause a budgetary crisis, S&P said.

Employers in New York also are allowed to implement a 5% payroll tax as a way of paying some of their employees’ state income taxes.

Illinois spreads are rising as the state plots its first sale of 2018 for May.

Moody's threw cold water on Chicago's position that O'Hare's ratings can withstand new terminal debt.