Illinois

The Jacksonville School District 117, Ill., school board members approved the issuing of up to $15 million in construction bonds Wednesday night.

Cook County's leader says state and federal issues weigh heavily on budget planning.

The Prarie State faces the possible loss of at least one of its investment grade ratings if it doesn't resolve its budget crisis.

Debt service on Illinois bonds “will not be delayed or diminished,” the comptroller said.

The Chicago Public Schools paid a punishing yield on short-term state grant anticipation notes.

Chicago enters the market with $825 million of new money and refunding O'Hare airport revenue bonds.

A special session of the Illinois General Assembly will begin June 21.

Illinois House and Senate Republicans laid out a formal budget and reform package.

The Chicago Transit Authority and Regional Transportation Authority are latest rating victims of Illinois political gridlock.

The University of Illinois will conduct a national search to replace retiring CFO Walter Knorr.

Illinois’ swap providers agreed to lower termination triggers, the governor's office said.

Only two of Illinois' nine public universities retain a Moody's investment-grade rating after new downgrades.

Chicago’s chief financial officer says bankruptcy isn’t on the table for Chicago Public Schools.

Municipal market buyers aren't waiting for the rating agencies -- they're already trading Illinois paper at junk bond levels.

A judge's ruling put more pressure on Illinois by supporting Medicaid providers.

The University of Illinois and Illinois State University were downgraded by S&P Global Ratings.

Barclays is bolstering its Chicago team with three banking additions at the expense of Bank of America Merrill Lynch.

JPMorgan is Chicago Public Schools' choice for the direct placement of $396.5 million of notes.

Illinois asked a judge to put off the effective date of a possible court order elevating Medicaid over other payment obligations.

The city took the next step Monday in securing up to $10 million in bonds to finance several stormwater sewer projects over the next few years.