Midwest

Federal coronavirus relief helps the city deal with immediate budget problems, but pensions loom large over the city's post-pandemic fiscal landscape.

The change to monthly from quarterly revenue reports is a positive, the rating agency said, though the ordinance doesn't extend to expenses or cash flow.

The state's revised contract with Foxconn on tax subsidies reflects the dramatic downsizing of the original project unveiled in 2017.

Reopening would help a public agency that needs $15 million in state help to cover debt service this year and is asking for additional operating subsidies.

Change is afoot for CPS as its leader Janice Jackson is leaving and legislation stripping Chicago's mayor of full power to appoint CPS board members gains legislative momentum.

More Illinois districts were lifted into the top fiscal category last year even as they navigated the start of COVID-19 pandemic

Northwest Community became the second independent hospital to affiliate with the Evanston, Ill.-based NorthShore Health system over the past year.

Income tax payments and improving revenue collections have helped bring the state's bill backlog down to $3.5 billion.

The Michigan Strategic Fund signed off on the borrowing that will be priced by a syndicate led by Citi and Siebert.

Final payouts are approaching for $170 million of defaulted BHF bonds with haircuts ranging from less than 10% to more than 50%.