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Illinois Gov. J.B. Pritzker's budget proposal, rosier revenue estimates and the prospects of more federal aid are only short-term salve for the state's long-term fiscal strains.
February 19
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Gov. J.B. Pritzker's says potential federal funding relief would go first to pay down short-term debts likes its Federal Reserve borrowing and the state's bill backlog.
February 17
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Illinois will square off with lawyers representing John Tillman next month in his 2019 case seeking to void bonds issued to fund pensions and pay down bills.
February 17
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Indiana, Michigan and Ohio budget proposals benefit from a revenue picture that is more optimistic than feared earlier in the COVID-19 pandemic.
February 16
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Fitch Ratings warns that mounting challenges posed by ratepayers of Missouri's Howard Bend Levee District put its 2005 bonds at greater default risk.
February 12
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The Michigan-based nonprofit hospital chain expects a restructuring charge from the Mercy Hospital bankruptcy but no impact to its municipal bond debt.
February 11
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J.B. Pritzker laid out a few details of his upcoming budget proposal, saying he won't seek a tax hike and will hold spending steady.
February 9 -
The state plans a series of municipal bond sales with tailwinds from upbeat fiscal news, including its first surplus on a GAAP basis.
February 9
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The Motor City's spread penalties were reduced by more than half compared to its previous sale in October in a deal that was oversubscribed by 20 times.
February 5
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Joliet will finance new infrastructure with a mix of revenue borrowing and state and federal loans in an agreement that will bring Chicago $30 million annually.
February 3
