Illinois

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.

A proposed Chicago ordinance would press banks on gun control.

Moody's labeled the Illinois high court's refusal to hear an appeal on step raises a "credit negative" for the state.

The St. Louis-based firm enters its second century of business this year.

The largest not-for-profit health systems in Illinois and Wisconsin have cleared all regulatory hurdles to the merger.

The district must come up with a new plan to save its pension fund from insolvency.

Chicago expects to begin tapping $4 billion of bond authority for O'Hare by early 2019.

The bonds sold for the air cargo handling facility were rated BBB.