Midwest

An initial toll corridor would require $8.5 billion in upgrades, which would be financed by a new bond credit under a plan under consideration by Michigan lawmakers.

Michigan would funnel $200 million more into its rainy day fund and establish a new school budget stabilization fund under Gov. Gretchen Whitmer's proposal.

"I think ESG is here to stay in our market. I think it's a natural fit with the types of infrastructure that our market finances," said MSRB CEO Mark Kim.

Milwaukee could see relief from pressures that have dragged down its ratings if Gov. Tony Evers' proposals — to raise shared revenues and allow local governments to seek voter approval for a sales tax hike — clear legislative hurdles.

Citigroup's cuts included veteran public finance banker Thomas Coomes, who had co-led the bank's Midwest region.

Recent federal legislation marks the largest investment in carbon management in the history of the U.S., which is already a global leader in the space.

Laurence Msall who built the Chicago Civic Federation into a fiscal research powerhouse over the last two decades, died Saturday at 61.

Illinois' net position for governmental activities remains deep in the red but after years of falling further behind, it trimmed the gap in fiscal 2022.

Bolingbrook called the GO cut to BBB-plus from AA an attempt "to cause a de facto conversion" of a special sales tax district's debt to a general obligation.

Tim Walz's proposed budget offers a mix of additional spending, tax cuts, new bonds, and an early payoff of bonds issued for the NFL Vikings' stadium.