Illinois

Illinois-based Advocate Health Care Network enters the market Thursday to raise nearly $100 million of new money for projects at three of its Chicago area hospitals.

Kutak Rock LLP is adding Lance Tyson, who is returning to the firm after a 10-year absence during which he operated his own law firm and served as chief of staff to the former Cook County, Ill. Board president.

Illinois' House Speaker and Senate President filed a lawsuit against Gov. Pat Quinn Tuesday challenging his move to stop paying lawmakers in an attempt to pressure lawmakers to pass pension reforms.

The Indiana Attorney General last week said he would not investigate the controversial $4.5 billion bond-financed Prairie State Energy Campus located in southern Illinois.

Chicago retirees who stand to lose their city-subsidized healthcare under Mayor Rahm Emanuel's plan to dismantle the existing program and move them to health insurance exchanges are firing back, suing to hold on to the benefit.

Illinois Gov. Pat Quinn has signed legislation that paves the way for the use of public private partnership to build the long-planned third Chicago regional airport in the far southwest suburbs.

The Illinois state auditor found "pervasive" management problems and troubling fiscal operations at the Illinois International Port District in a review that covered 2010 and 2011.

A judge last week ordered Cook County, Ill. to stop collecting a new tax that the county began to levy last year to help offset a 2013 budget deficit.

Illinois Comptroller Judy Baar Topinka said state lawmakers won't be paid next month unless they pursue a legal challenge or override Gov. Pat Quinn's action stripping their pay authorization out of the fiscal 2014 budget.

After downgrading Chicago and its school system over mounting pension woes that along with their long-term debts burden the same tax base, Moody's Investors Service took aim at the Chicago Park District.

The Chicago Public Schools proposed a $5.6 billion budget for fiscal 2014 that relies on the maximum allowed property tax hike, spending cuts, and $700 million in reserves to erase $1 billion of red ink.

The Chicago Cubs won Chicago City Council approval Wednesday for their privately-funded $500 million, five-year makeover of the 99-year-old landmark Wrigley Field that includes plans for an adjacent hotel and plaza.

Chicago Comptroller Amer Ahmad will leave city government next month to return to the private sector after serving for a little over two years in Mayor Rahm Emanuel's administration.

The Chicago Infrastructure Trust will launch a search for a placement agent to market a financing that closely resembles a tax-exempt private placement.

Fitch Ratings has stripped Evanston, Ill. of its top credit rating ahead of its sale of $12.7 million of general obligation debt, a ding due primarily to the city's pension funding woes.

llinois Comptroller Judy Baar Topinka and not-for-profit leaders announced the formation of the Illinois Nonprofit Advisory Council to help service organizations deal with fiscal stress driven by chronically late state payments.

The Illinois International Port District, which owns the Port of Chicago, agreed with to lease most of the district's facilities to private investors.

Chicago Public Schools began notifying more than 1,000 teachers of layoffs as the district chips away at a $1 billion deficit

Moody's socked $11.5 billion of Chicago debt with multi-notch downgrades over its mounting pension woes and warned of a potential further hit down the road as a dramatic contribution spike looms.

Ill. Gov. Pat Quinn signed legislation Wednesday that authorizes spending on the $2.7 billion third phase of projects under the state's ongoing $31 billion capital program.