Illinois

Two Chicago pension funds could become insolvent sooner than projected.

Bluford Unit District 318 plans to build a roughly $6.9 million new high school addition with a groundbreaking expected in August.

After voters twice rejected proposals to issues bonds to pay for a new school and major repairs, school board members now are considering borrowing what they can without voter approval to pay for state-mandated improvements.

Chicago is offering stronger rated utility-backed bonds but like its GO they face credit strain from pensions.

Two Illinois community colleges were downgraded by Moody’s because of the state's budget woes.

Chicago launches website financial portal to broaden investor and public outreach.

Illinois spreads widened as investor confidence waned that the state can resolve its budget deadlock.

Illinois received two downgrades Thursday, bringing it closer to a junk bond rating.

Moody's Investors Service has lowered the rating on the State of Illinois' general obligation (GO) bonds to Baa3 from Baa2, amid a prolonged political impasse that has prevented progress on a growing pension deficit and an increasing backlog of unpaid bills

Illinois took a one notch downgrade from S&P Global Ratings leaving its general obligation debt at BBB-minus.

Prospects are bleak for a breakthrough on Illinois’ two-year-old state budget stalemate.

Bankruptcy is no cure for junk-rated Chicago Schools’ fiscal ills, says schools chief Forrest Claypool.

The Highland School Board approved the issuance $5.5 million worth of bonds at its meeting on May 22.

Chicago's departing budget chief says budget gains will help the city resolve its pension problems.

Time’s almost up for Illinois state lawmakers and the governor to come up with a budget plan that all can live with as the spring legislative session ends this week.

Illinois is trying to block efforts to put Medicaid providers on par with debt service payments.

The Aurora City Council has passed a $16.5 million bond issue to fund capital projects during the next four years.

Chicago's school board advanced plans to sell $900 million of short-and-long term debt.

A coalition of prominent groups told Illinois lawmakers not to come back without a budget resolution.

Illinois Senate Democrats passed a $37.3 billion budget with more than $5 billion of new tax revenue.