Midwest

Wisconsin lawmakers warn that a looming $940 million road revenue gap may require a higher gasoline tax.

Boosted by new grant funding, the University of Chicago Harris School of Public Policy, led by new executive director Michael Belsky, wants to raise its voice on municipal finance research and education.

S&P Global Ratings dropped Western Illinois University two notches to BBB-minus, citing the state's prolonged budget mess.

Detroit, already facing headwinds with its first post-bankruptcy general obligation/distributable state aid backed sale, could suffer some spill due to the state’s disruption of a similar security on some of Detroit Public Schools' bonds, one municipal market participant suggested.

Moody's Investors Service said it has downgraded the village of Oak Park, Ill.'s general obligation rating and sales tax revenue rating to A1 from Aa3 affecting $85 million in rated debt.

Indiana closed out fiscal 2016 last month with a slight surplus despite the drain of low gas prices on revenue growth.

Wisconsin is taking advantage of record low interest rates with about $915 million of general obligation and appropriation-backed bond refundings. Credit: Adobe Stock

Chicago isn’t on the “brink” of a financial collapse that could drive a default or bankruptcy but its pension fixes to date fall far short of stabilizing the city’s fiscal foundation, an analyst said.

Four Ohio Congressmen are concerned that the Internal Revenue Service and Treasury Department's proposed definition of a political subdivision could impede a $35 million terminal improvement project for one of the state's regional airports.

The authority that runs Detroit's main airport is on the hunt for a new leader following chief executive officer Thomas Naughton's decision to retire this fall.