Illinois

Chicago Mayor Rahm Emanuel's top infrastructure priorities if re-elected to a second term are safe and efficient transit options, expanding access to parks and recreational areas, and creating more anchors for economic growth in city neighborhoods.

A federal judge ordered the former comptroller of a Harvey, Ill., to pay more than $200,000 in fines and barred him from participation in any future municipal issues for his role in misleading investors on several of the south Chicago suburb's past bond offerings.

Standard & Poor's has revised its outlook on Columbia College Chicago's underlying BBB-plus rating to negative from stable over its operational struggles and management turnover.

Chicago's O'Hare International Airport reclaimed the title of world's busiest airport in 2014 a decade after ceding the status to Atlanta's Hartsfield-Jackson Memorial Airport.

The Illinois Supreme Court denied requests by Chicago, other issuers, several civic groups, and a municipal lawyers group to file briefs supporting Illinois Attorney General Lisa Madigan's defense of state pension reforms.

The Chicago region needs $16.6 billion over the next decade for routine transit maintenance and capital spending with another $19.5 billion tacked on to the tab to cover deferred investment, the Regional Transportation Authority warned.

Illinois Gov. Bruce Rauner has imported three outsiders all with government experience to lead a "turnaround team" that includes the new position of chief financial officer to be filled by consultant Donna Arduin. He also named former Hawaii Gov. Linda Lingle and former Georgia COO Trey Childress to his team.

Chicago and its south suburban neighbor Harvey have struck a $20 million settlement that resolves a dispute over the suburb’s delinquent payments for city-supplied water.

Chicago-based William Blair & Co. hired veteran underwriting manager John Feery to lead its negotiated underwriting group, finalizing leadership team changes as the firm pursues its national expansion path.

Illinois needs both spending cuts and tax hikes to fix a chronic budget imbalance that will grow to $14 billion over the next decade without structural change, an academic research group warns.

Chicago's lawyers warn that the fiscal well-being of the city and its sister governments hangs in the balance as the Illinois Supreme Court considers whether the state's sovereign police powers trump constitutional protections against cutting pensions.

Newly installed Illinois Gov. Bruce Rauner's executive order halting new contracts puts a hold on some pending contracts planned by the state's tollway agency and planning work on the proposed Illiana toll road.

Illinois-Based Rush University Medical Center hits the market Thursday with its first time issue in more than five years accompanied by a trifecta of good credit news on the $500 million refunding.

The Illinois attorney general has made her pitch to the state Supreme Court on behalf of legislation designed to restructure the state employee pension system.

Outgoing Illinois Gov. Pat Quinn signed a legislative package that includes a measure setting a special election in 2016 to fill the latter half of the late Judy Baar Topinka's new term as comptroller.

Bruce Rauner took over the Illinois governor's office Monday, vowing to fix the state's bleak finances through shared sacrifice, bolster its competitive edge for business, improve education, and to end "business as usual."

Illinois lawmakers set a 2016 special election to fill the final two years of the late Judy Baar Topinka's upcoming term as comptroller, in a move attacked by Republicans as a political jab at incoming Gov.-elect Bruce Rauner.

Standard & Poor's has revised Illinois-based Carle Foundation's outlook to positive in recognition of its strong financial performance and improved balance sheet.

Lombard, Ill.'s refusal to cover a debt service shortfall on $190 million of bonds issued for a struggling hotel and conference center has triggered a new payment default.

Illinois and Gov.-elect Bruce Rauner face a sea of red ink because shrinking income tax revenue will fail to keep pace with rising pension and health insurance costs, according to outgoing Gov. Pat Quinn's latest three-year budget forecast.