Midwest

The California Public Employees' Retirement System's purchase of an equity stake in the Indiana Toll Road earlier this month is part of a growing trend of public pension funds investing more directly in large infrastructure assets.

A school district in Will County, Illinois faces a federal probe of its former superintendent's dealings, including the handling of bond funds.

Chicago’s second shot at fixing one of its woefully underfunded pension funds offers investors at least a small sign of progress, several market participants said.

Smaller Ohio governments would enjoy easier bond market access at lower costs through a state bond bank, say supporters of legislation that is advancing in the state legislature.

Chicago would raise its contributions to its laborers’ pension fund by at least 30% annually under a new plan to stabilize the fund and steer it away from its path to insolvency.

Minnesota lawmakers won’t immediately be called back to work to tackle a capital budget and long-term transportation funding plan after failing to act on both fronts before their session drew to close at midnight, Gov. Market Dayton said Monday.

Chicago heads into the market with $350 million of Midway Airport revenue paper, bolstered by an upgrade and viewed as well-insulated from the city’s financial troubles.

The Wisconsin Center District board formally signed off Friday on a more than $200 million bond financing for the new Milwaukee Bucks arena, paving the way for a June sale.

Four port authorities and a wholesale electricity provider are warning that rules proposed by the Treasury Department and Internal Revenue Service earlier this year could hurt their standing as political subdivisions and their ability to issue bonds as well as complicate their governing structures.

The health of Chicago's municipal and laborer's funds further eroded over the last year with another $3 billion of unfunded liabilities being dumped on to the city's pension tab, according to new 2015 actuarial reports.