Midwest

The Chicago Board of Education passed an amended fiscal year 2027 budget Thursday that assumes $150 million in additional funding from the state.

More than 30 municipal water systems in Minnesota — and more in other states — were hit by a coordinated cyberattack last week that spurred an FBI alert.

Acting Chief Financial Officer Steven Mahr and Deputy CFO Noor Shaikh left Chicago Mayor Brandon Johnson's administration as internal battles became public.

The budget timeline emerged as a flashpoint when the Chicago Board of Education held hearings last week in the run-up to a consequential vote Thursday.

Roycemore School defaulted this month on unrated revenue bonds issued through conduit Evanston, Illinois. The private school will close its doors in 2026-27.

Cook County, Illinois, will return to market next week with $119.5 million of Series 2026 fixed rate, tax-exempt sales tax revenue bonds.

Chicago will fund new infrastructure for The 78, the mixed-use development around the new Chicago Fire soccer stadium, after the City Council advanced the deal.

In fiscal 2026, Indiana saw 6.8% year-over-year growth in state revenue amid a 27.7% surge in corporate tax revenue, leading to a surplus of $1.85 billion.

Private Milliken University in Illinois is sweetening its upcoming bond deal by adding a student apartment complex to increase investor protections. 

Fitch Ratings upgraded Cook County to AA-plus from AA on Monday, citing the county's moderating long-term liability burden and sustained resource base growth.