Midwest

Missouri expects to collect an additional 4% in revenues during fiscal 2012, according to the latest revenue forecast that Gov. Jay Nixon will use to craft the next budget.

A Wayne County Circuit Court judge will rule in January on the latest legal wrangle that is part of a larger, years-long dispute over dueling plans for a new bridge serving the busy trade route between Detroit and Canada.

The Lansing Board of Water and Light, which provides electric service to 97,000 customers in Lansing, Lansing Township, and Delta Township, plans to issue about $250 million of tax-exempt bonds to finance construction of a new $182 million electric and steam-generating plant.

Standard & Poor's raised its long-term and underlying ratings on Indiana University to AA-plus from AA.

A state regulatory commission will hold a public hearing next week on Indianapolis' plan to sell its water and sewer systems to a nonprofit utility.

Moody's Investors Service last week downgraded by three notches — to Baa1 from A1 — the village of Bourbonnais' $4.9 million of sewer system revenue debt due to declining debt-service coverage ratios.

CHICAGO — Former White House chief of staff Rahm Emanuel does meet state residency requirements and can remain on the ballot for Chicago mayor, according to a Chicago Board of Election Commissioners ruling Thursday.

CHICAGO — The Illinois Institute of Technology is in danger of losing its investment-grade level rating from Moody’s Investors Service as it struggles with operating deficits that have forced draws on its endowment and bank lines to cover debt service and other obligations.

CHICAGO — Moody’s Investors Service lowered Springfield’s $634 million of senior-lien electric revenue bonds one notch to A1 and warned of further action due to a narrowing of its debt-service coverage ratios and liquidity position — neither of which has been helped by Illinois’ lateness in paying its bills.

CHICAGO — The Ohio Supreme Court ruled unanimously Wednesday that lawmakers did not violate the state constitution when they diverted $258 million of tobacco settlement funds to help balance the fiscal 2009-10 budget.