Midwest

Approval of tax measures on local ballots in Illinois’ primary election represents a credit positive for the five local governments that won over voters, Moody’s Investors Service said.

The ratings of 19 Illinois community colleges and their $855 million of debt are under threat of a downgrade as Gov. Bruce Rauner’s budget feud the General Assembly’s Democratic majority drags on.

A bill to provide nearly $50 million in state funding to keep Detroit Public Schools open until the end of the school year is headed to the state Senate after clearing the House Thursday.

Michigan Gov. Rick Snyder believes the $232 million he’s asked of state lawmakers will be enough to deal with the Flint water crisis, but rating agency Standard & Poor’s showed doubts, removing the state’s positive rating outlook.

Moody’s Investors Service affirmed Chicago’s junk-bond-level general obligation rating, while also affirming low-investment-grade revenue bond ratings and maintaining negative outlooks.

More Illinois school districts are operating in the red, according to new data from the Illinois Board of Education.

Detroit Public Schools got some positive news on Wednesday by way of nearly $50 million of emergency funding that cleared a House committee Wednesday.

The Chicago City Council signed off on Mayor Rahm Emanuel’s request to issue up to $200 million of water revenue bonds to cover swap termination payments.

Ferguson and the U.S. Justice Department will soon seek court approval on a consent agreement that outlines municipal court and policing reforms.

The Indiana Finance Authority plans to issue more than $100 million of state revolving fund bonds that will sell with a green bond designation.