Illinois

Northwestern was assigned a negative outlook on one of its triple-A ratings.

The firm, which returned this year to public finance, hired five bankers in Texas, Florida, Illinois and New York.

The payoff comes as the district takes out new tax anticipation notes.

Chicago-based Mesirow Financial is bulking up its municipal team with several hires on both coasts.

Chicago Mayor Rahm Emanuel's new borrowing program will get an airing before City Council members next week.

The state plans a $4.5 billion negotiated sale and $1.5 billion competitive sale.

It warned of deep losses under the latest efforts to repeal Obamacare.

Lawrence Wyllie, former superintendent of the Lincoln-Way Community High School District, faces criminal fraud charges.

The county faces layoffs and service cuts if the effort to repeal a beverage tax succeeds, the board president warns.

The Teachers Retirement System issued a warning after state budget changes lowered this year's contribution to the fund.

State funding for K-12 school districts has been restored after a compromise between lawmakers and the governor.

Gov. Bruce Rauner says he will act to authorize $6 billion of borrowing to knock out overdue bills.

They say a report shows state could shave billions off interest costs if it borrows to pay down the state's unpaid bill backlog.

Moody's Investors Service says firmed-up state and city funding has stabilized the district's finances, for now.

Mayor Rahm Emanuel will introduce an ordinance Wednesday to pave the way for the new bonds.

The signing of Illinois Senate Bill 1947 alleviates the uncertainty for schools created by the multiyear state budget stalemate and recent veto, Standard & Poor’s said.

The Chicago Teacher's Union threatened a lawsuit that could derail the funding package.

The package delivers about $150 million more than district officials wrote into their spending plan for the year.

A state appeals court ordered Harvey, Illinois to levy a property tax to boost the nearly insolvent firefighters' fund.

The legislative deal ends a stalemate that had blocked funding for K-12 schools statewide.