Illinois

They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding.

Any change to the spending flexibility among governmental units that results from the court decision is likely to be incremental, according to Fitch.

Moody's Investors Service issued a sobering take on the state's liabilities as lawmakers celebrated passage of an on-time budget.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

Gov. Bruce Rauner said he will sign the budget state lawmakers approved Thursday.

The legislation would empower the state treasurer to buy up to $2 billion in vouchers for bills the state has not paid.

What's in the next Illinois budget is more important to S&P Global Ratings than whether it is passed soon.

The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.

The rating agency said its new criteria only support a rating two notches higher than the state's BBB.

Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.

The investment bank attributed the exit of 15 from the public finance team to market conditions and a strategic review.

Water, wastewater, and securitization deals, and possibly an O'Hare airport sale, are still to come from Chicago this year.

Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.

The Chicago Fed National Activity Index rose to 0.34 in April from a revised 0.32 in March, the Federal Reserve Bank of Chicago reported on Monday.

The Illinois city's revenue bondholders want any legal settlement to prioritize their claim over those of pension funds.

The district priced debt Thursday at narrower spreads than it faced in a November sale.

Illinois Gov. Bruce Rauner submitted a capital appropriation for the project this week.

Public transit agencies have a $90 billion backlog of maintenance, repair and modernization projects.

Two rating agencies put Presence Health's low-investment grade ratings on watch for upgrades.

The district is promoting structural protections and fiscal gains as it prepares to go to market with a $260 million refunding.