Midwest

The nonprofit electricity wholesaler is refunding bonds issued in 2009 and 2015 that are tied to the Prairie State Energy Campus.

The Illinois city faces garnishment of state funds to make up for pension shortfalls, threatening its ability to deliver core services, Moody's said.

The Chicago Park District would phase in actuarially determined pension payments under a funding plan that still needs state legislative approval.

A new academic building for the University of Michigan is to rise on the property where construction of a bond-funded jail was abandoned.

Illinois lawmakers wrapped up the first half of their annual fall veto session leaving tough legislation for the second half, beginning Nov. 12.

Though the market may view Chicago's budget as heading in the right direction, relying on the state is a gamble that's a concern for aldermen, too.

Optimistic investment assumptions are the primary cause of public-sector pension plan underfunding, according to a report by Hilltop Securities.

The school is spending money in an effort to boost its image and reverse a decline in enrollment.

Mayor Lori Lightfoot needs to achieve her 2022 target of structurally balancing the city’s books to preserve Chicago's BBB-plus rating, S&P said.

Cleveland Clinic's bond refunding follows a nearly $1 billion offering the system priced in April as it integrates recent Florida acquisitions.