Midwest

Moody's Investors Service April 6 stripped Illinois' North Chicago School District No. 187 of its investment grade rating as the district struggles with property tax valuation declines and operating deficits.

A San Francisco-based airline's April Fool's joke triggered a disclosure notice on EMMA; the trustee for bonds issued for the airport in Branson, Mo. Wanted to be sure bondholders new that Virgin America was just kidding about its plans to serve Branson.

Despite the bankruptcy of its current operator, the Indiana Toll Road continues to show the benefits of privatization, as does the new $5.7 billion bid for the road, Wells Fargo says in a new report.

Chicago voters head to the polls to pick their next mayor Tuesday after a seven-week runoff contest where the city's fiscal ills have taken center stage in an election in which neither candidate is willing to talk about property tax increases.

The Chicago Board of Education will return to the market on April 21 with the second phase of a planned borrowing that was delayed by a stinging round of downgrades and headline risks over the mayoral run-off.

The Missouri Highways and Transportation Commission has tapped its chief financial officer Roberta Broeker to serve as interim director of state Transportation Department as a national search continues for a new leader to replace retiring director Dave Nichols.

Struggling Illinois local governments should have the option of municipal bankruptcy, one mayor told lawmakers during the first airing of legislation that would add Chapter 9 to the state's statutes.

The head of Wayne County, Mich., which is on track to run out of cash by next year, announced a series of cuts that mark the first phase of a larger restructuring aimed at staving off a state takeover.

Municipal market observers aren’t impressed by the Chicago Public Schools’ move to drop Moody’s Investors Service in favor of an agency that assigned a higher rating.

Moody’s Investors Service downgraded the Chicago-area Forest Park Park District two notches to Baa1, assigning a negative outlook.