Midwest

The state says the $6.5 billion project is not possible without toll revenue.

As fuel prices ratchet up due to the Iran war, two states are already exploring suspending their fuel tax which would take a bite out of tax revenue and possibly lead to future bond sales.

Gov. Mike DeWine pointed to fiscal successes including a balanced budget, lowered taxes and a larger rainy-day fund.

At least two local agencies missed debt service payments after the Cook County, Illinois, treasurer's office was unable to issue property tax bills on time.

Mayo Clinic plans to issue $750 million of bonds in early to mid-April for projects in Rochester, Minnesota, Mayo CFO Dennis Dahlen told The Bond Buyer.

Glen Carbon, Illinois, has applied to host the state's first NOVA district, a bigger version of a STAR bond district, to support a big mixed-use development.

Minnesota lawmakers hope to pass a major bonding bill this year as they face $5 billion of requests from local governments and state agencies.

Chicago returns to market March 10 with $800.29 million of general obligation bonds, following bond rating downgrades from Fitch Ratings and KBRA.

KBRA and Fitch Ratings downgraded Chicago's general obligation bonds to BBB-plus from A-minus on Wednesday, and both kept their rating outlooks at negative.