Midwest

After years of financial problems, the school district of Gary is poised to become Indiana's first local government to be taken over by an emergency financial manager.

Missouri Gov. Jay Nixon has signed off on the bills that make up the state’s $26 billion fiscal 2016 spending plan.

Chicago Mayor Rahm Emanuel has tapped veteran aviation official Ginger Evans from the Metropolitan Washington Airports Authority to take the helm of the city's Aviation Department.

Last week’s Illinois Supreme Court ruling voiding legislation that overhauled the state’s pension system ratchets up pressure on the state’s leaders to fix the state’s out-of- balance budget.

A Nebraska bill to give bondholders priority over other creditors in the event of a municipal bankruptcy is not likely to pass in the 2015 legislative session as different interest groups negotiate its language.

Voters in Ohio approved a majority of levy requests for local school districts it rates, a credit positive for those districts, Moody's says.

The Illinois Supreme Court on Friday struck down legislation that had overhauled state employee pensions, leaving the state burdened with enormous pension liabilities.

Wisconsin’s latest revenue projections are giving state lawmakers little breathing room as hoped to avoid cuts in the next two-year budget.

Struggling cities like Chicago need to embark on serious restructuring efforts before it’s too late and mounting retirement debt pushes them toward the fate of Detroit, said some architects of that city’s bankruptcy.

Illinois Gov. Bruce Rauner’s proposed budget relies on unrealistic and potentially harmful cuts as well as savings that don’t appear achievable, according to a report from Chicago’s Civic Federation.