Midwest

Danville schools will get some much-needed improvements, thanks to residents who voted in favor of an $8.9 million general obligation bond.

Chicago would issue up to $10 billion of POBs under a proposal the mayor left to city council to decide.

Applications doubled from 2017, growing to 851 from all 50 states and also U.S. territories.

A bill would extend the sunset date of the law allowing local governments to issue pension obligation bonds and OPEB bonds past Dec. 31.

Rahm Emanuel will back a constitutional amendment to rein in pension benefits while city pension obligation bonds remain in play on a longer timeline.

The downgrade affects $114 million of debt issued for Good Samaritan Hospital, owned by Knox County, Indiana.

“We have starved our state of a fundamental economic investment and job creator,” said Chicago Mayor Rahm Emanuel.

Rep. Steve Stivers plans to use the recruiting skills he honed as chair of the House GOP campaign arm to enlist new members of the bipartisan Municipal Finance Caucus in the next Congress.

Richard Li, a public debt specialist for the city of Milwaukee, said too much cybersecurity disclosure can become a road map for hackers.

Gov.-elect J.B. Pritzker will inherit $133.7 billion of unfunded pension liabilities, according to a nonpartisan state commission.