Midwest

Mayor Lori Lightfoot's first budget cleared the City Council on a 39-11 vote.

The Metropolitan Pier and Exposition Authority, restored to investment grade by S&P Global Ratings last year, plans to sell a total of $923 million.

Preston Hollow is fighting Nuveen's attempt to reopen a trial record in the private lender's lawsuit accusing the investment powerhouse of anti-competitive tactics.

A successful closing on the unrated deal was needed to make payments on short-term notes due on Dec. 31.

The budget was balanced without tax or fee hikes but rising uncompensated healthcare costs are expected to strain the county's finances.

The university now has a stable Moody's outlook as the financial impact of the Larry Nasser sex abuse scandal becomes clearer.

The decision comes as the courts told the city it's on the hook to make up the roughly 2% shortfall in property tax collections to fully cover set payments.

The Finance Committee signed off on bond refinancing and revenue packages that are key to the 2020 budget, paving the way for a full city council vote.

The City Council rejected Mayor Mike Duggan's request for $250 million of bond authority to accelerate the demolition of vacant houses.

The city will take competitive bids on general obligation-backed green bonds for the ongoing construction of a new city building.