Midwest

Moody’s Investors Service placed Steele County, Minn.’s ratings on review for a possible downgrade as several enterprise fund commitments strain its books.

Chicago area transit systems face service cuts or higher fares if state funding is slashed as proposed by Gov. Bruce Rauner in his fiscal 2016 budget now before the General Assembly.

Minnesota Republicans on Monday proposed a $7 billion, 10-year plan to fund transportation work without a tax hike.

Municipalities in fiscal crisis faced diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.

Illinois retained its position as the state with the worst overall net financial position among more than 40 reviewed by the Illinois auditor general for fiscal 2014.

The cracks in Chicago Public School system's fiscal foundation deepened as a new credit blow triggered swap termination events that could force payments of more than $260 million to counterparties.

Gary, Ind., a rare issuer and the state's most distressed city, is coming to market this week with $15.3 million of unrated, casino revenue-backed bonds.

Ohio Transportation officials have launched a $2.4 billion capital plan for 2015 that’s the second-largest in state history and features the state’s first public-private partnership.

The chief financial officer of Ohio State University, who helped craft the university's first-of-its-kind lease of its parking system, is leaving the university to take a job at the Australian company that is leasing the parking system.

Macomb County reduced the maturity down to 20 years from 25 years on $263 million of OPEB bonds it sold last week, a move it said saved the county $47 million in interest costs.