Minnesota

A rating upgrade by Moody's Investors Service means Minnesota has triple-A ratings from three major rating agencies.

Illinois closed the books June 30 on a "record-breaking" year for general fund revenues.

State officials warn that federal infrastructure funds may be lost if lawmakers don't act on new authorizations.

The development could potentially affect the tax-exempt status of bonds issued for the school, though it will likely be resolved before that happens.

The university will decide on a final structure for a $500 million sale that could go as long as 100 years at the time of pricing, which is expected next week.

Mayo is publicly offering $516 million of tax-exempt bonds and privately placing $200 million of taxables.

Minnesota's February forecast adds $1.5 billion to the $7.7 billion forecast just a few months ago.

Gov. Tim Walz is pitching a record $2.7 billion capital bonding package and has proposals for the legislature about how to use a record $7.7 billion surplus.

Despite its snowy reputation, the region sees itself as a climate refuge due to cooler temperatures, reliable infrastructure and Lake Erie freshwater.

Rosier revenue projections will allow Minnesota to pump up its rainy day fund to pre-pandemic levels while still leaving a $7.7 billion surplus.