Midwest

State funding for K-12 school districts has been restored after a compromise between lawmakers and the governor.

The offering follows the resolution of legal challenges to toll rate increases.

Gov. Bruce Rauner says he will act to authorize $6 billion of borrowing to knock out overdue bills.

Long before it was named after the Ilitch family's pizza chain or the Pistons agreed to join the Red Wings in playing there, the new downtown arena was expected to cost $450 million.

The transportation package limits bonding to $400 million.

They say a report shows state could shave billions off interest costs if it borrows to pay down the state's unpaid bill backlog.

S&P Global Ratings cited improved employment and demographic indicators, and projected growth in reserve levels.

Moody's Investors Service says firmed-up state and city funding has stabilized the district's finances, for now.

Mayor Rahm Emanuel will introduce an ordinance Wednesday to pave the way for the new bonds.

The firm announced a merger with Lindquist & Vennum LLP.