Midwest

CHICAGO - The University of Missouri Board of Curators will enter the market next week with $60 million of refunding system facilities revenue bonds as itgrapples with a steeper-than-expected cut in state aid made by Gov. Jay Nixon earlier this month.

CHICAGO - Standard & Poor's revised its outlook to negative from stable on a small Michigan hospital that is facing the possibility of accelerated debt-service payments on its debt, all of which has been either privately placed with a bank or is in the form a bank loan.

CHICAGO - Wisconsin plans to take competitive bids July 6 on $800 million of operating notes that will help the state smooth out its cash-flow needs.

CHICAGO — The Illinois General Assembly during a special session Wednesday approved an $18 billion fiscal 2012 capital bill, reauthorizing spending for billions of dollars in projects now underway or in the works, and putting to rest concerns over a threatened suspension issued by Gov. Pat Quinn earlier this month.

CHICAGO - The treasurer of Cook County, Ill., Tuesday said she was shocked by recent figures showing that the county's local governments together owe $108 billion - nearly a quarter of which is due to unfunded pension liabilities.

CHICAGO - The University of Illinois Thursday will refund outstanding debt and raise new money for the ongoing makeover of a major student housing complex that comes as Illinois' flagship public university has scaled back on capital plans amid ongoing delinquencies in state support.

The Michigan Supreme Court last week accepted Gov. Rick Snyder's request to hear a case regarding the constitutionality of taxing retirement income.

A well-known anti-gambling veteran said last week that he would "sue everybody" tied to a recent deal between Ohio Gov. John Kasich and the developers of two new casinos in Cincinnati and Cleveland.

Moody's Investors Service has downgraded the city of Burlington's sewer revenue bonds one notch to A1 ahead of a planned sale this week of $5.3 million.

Bloomington plans to issue $13 million of revenue bonds to finance the acquisition of 12 acres of downtown property from Indiana University. The city hopes to then sell the land to a developer for residential and retail projects.