Midwest

The downgrade affected $38.4 million of general obligation debt.

Chicago is expected to take advantage of the new debt vehicle authorized in the Illinois budget.

The end of a two-year old budget impasse led S&P to affirm Illinois and assign a stable outlook.

Lucas County commissioners took steps Tuesday toward putting a countywide 1.9-mill property tax levy on the Nov. 7 ballot to pay for a new county jail and fund criminal justice operations.

While working on two bond sales and finalizing a new budget, Cook County, Ill. is eyeing layoffs.

The city council wants more time to decide on Flint's long term water plan.

S&P Global Ratings said it affirmed its BBB-minus rating on Illinois' general obligation bonds, and the BB-plus ratings on the state's appropriation-backed debt, which includes Chicago's outstanding motor fuel tax (MFT) revenue bonds.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

ELKHART, Ind. -- Petitions and remonstrances to the extensive school project proposed by the Elkhart Community School Board were sent to the county auditor on July 6.

There are times when there is no better alternative to a tax increase.