Illinois

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.

Chicago's board of education approved a budget before a state vote on aid and with city funding uncertain.

The Chicago Civic Federation opposes the school district's budget over its reliance on uncertain revenues and debt.

Illinois has a tentative deal on a school funding overhaul that could get aid again flowing to districts.

The school board will vote amid new optimism about state funding.

Illinois is putting the ratings of some already strained school districts at risk, said S&P Global Ratings.

The new hires will bolster the firm's P3 and high ed/healthcare teams.

With Illinois school aid still in limbo, there is talk of compromise ahead of a veto override vote next week.

The nation's largest Catholic healthcare system will acquire Illinois' largest Catholic system.

S&P cited benefits such a borrowing would offer Illinois.

Refunding deals were down substantially and new money volume also slipped.

The $560 million deal is expected to sell later this month.

In the latest landing of a displaced William Blair muni professional, David Abel is headed to Columbia Capital Management.

Illinois' school aid logjam may hurt the ratings of some vulnerable districts in the coming months, Moody's said.