Midwest

A $327 million University of Kansas bond sale that used a Wisconsin conduit issuer drew criticism from lawmakers seeking to ban future out-of-state deals.

Fiscally distressed Wayne County, Mich., expects $23 million in fiscal 2016 budget relief from cuts in retiree healthcare benefits that trimmed $850 million from its unfunded liabilities.

Battered by negative headlines about its solvency, labor troubles, and a state takeover threat, the Chicago Board of Education returned to the market Wednesday after a one-week delay to price a scaled-down deal that offered a hefty high yield of 8.50%.

The Chicago school district, bringing $875 million to market Wednesday after a week's delay, is amplifying its support for the idea that the bonds' pledged tax revenue stream could survive a Chapter 9 bankruptcy.

Chicago Public Schools said it will price its delayed $875 million bond sale Wednesday, amid heightened acrimony with its teachers union and a renewed state takeover threat.

Hearings begin Thursday on Michigan legislation that paves the way for Gov. Rick Snyder’s restructuring plan for the debt-laden Detroit Public Schools.

Illinois is on pace to close out the fiscal year with a $10 billion to $12 billion backlog of unpaid bills as the state moves into its eighth month without a budget, state comptroller Leslie Geissler Munger said.

A Moody's Investors Service report evaluates the risks and benefits of public and private financing amid a surge in new U.S. stadiums targeting professional football and soccer.

The junk-rated Chicago Board of Education plans to price its delayed deal as soon as this week amid headlines that include a fresh downgrade and possible progress on a new teachers' contract.

Fiscal strains on Michigan could deepen as officials work to solve the Flint water contamination crisis, Standard & Poor’s said in a new report.