Illinois

The district chopped off more than two percentage points, thanks to new state aid and pension help

The school district says fiscal gains allow it the option of going with a competitive sale on its short-term borrowing.

Financial institutions and other businesses with ties to the kingdom would face a ban on doing business with Chicago under a proposed ordinance.

The 50 City Council members will ultimately have to sign off on new revenue needed to achieve actuarial funding.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.

The city is also considering its first general obligation bond issue since 2017.

Rahm Emanuel, who is not seeking re-election, offered a budget with no tax increases or answers to long-term pension funding questions.

Bids were plentiful on the competitive deals but spreads were higher in the wake of two downgrades.

In their pleading, banks said the plaintiff is "precisely the sort of 'busybody' " that is prohibited from making such claims.

Moody's cut the rating of Oak Lawn, Illinois, to the lowest investment grade level.