Midwest

The Internal Revenue Service is auditing $91 million of Build America Bonds issued by the Minnesota Public Facilities Authority in fall 2010.

Not only will a huge property tax hike to fund pensions be a tough sell in Chicago, it will only go part of the way toward solving the city’s fiscal problems, experts said.

Dramatic enrollment declines at the long-troubled Detroit Public Schools prompted downgrades from Standard & Poor’s on a chunk of the district’s state-aid backed bonds.

OSF Healthcare System in Illinois heads into the market next week with its $368 million sale with a second dose of good credit news.

More than half of Chicago and its sister agencies’ 11 public employee pension funds have agreed to a joint proposal promoted by Treasurer Kurt Summers that’s aimed at cutting annual investment fees.

Amid the attention generated by the Illinois budget crisis, a long-term infrastructure problem is brewing behind the scenes, according to a report comparing the state’s infrastructure shortcomings to its budget deficit and pension shortfalls.

Missouri Gov. Jay Nixon said a $1 billion proposed football stadium in St. Louis would not need legislative or voter approval because it would be an economic development project.

Detroit water and sewer bonds won an upgrade from Fitch Ratings amid improving operations.

The Illinois House failed Wednesday to override Gov. Bruce Rauner's veto of a controversial labor bill, handing the governor a victory in his ongoing budget battle with the General Assembly.

Chicago Mayor Rahm Emanuel will reportedly propose a $500 million tax increase as part of his new 2016 budget largely for police and fire pension payments.