Illinois

Northern Illinois University is going to market with $62 million of certificates of participation to finance energy-saving projects affecting 50 buildings.

Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal year 2025 budget that calls for a $300 million property tax increase, but does not touch pension funding levels.

The Chicago City Council this week approved a plan to refinance $1.5 billion of the city's debt. The city expects to issue the bonds in the fourth quarter.

More project finance deals are part of FHN Financial's plans to grow its municipal finance business.

Three of the six conservation referendums on Midwest ballots are for bond authorizations; one in Illinois and two in Iowa.

Public pension benefit improvements could put credit pressure on states that enact them, the rating agency said this week.

After the school board resigned, the rating agency put Chicago Public Schools on notice that it will watch how its tricky financial situation is handled.

Cook County released its $9.89 billion executive budget recommendation, with officials saying it includes no new taxes or layoffs.

Chicago's City Council deferred a vote on a $1.5 billion bond measure.

Xavier University in Ohio is the latest private Midwest college to face bad financial news -- downgrades from two bond rating agencies -- but it's not alone.