Midwest

Wisconsin's debt manager Dave Erdman will make the leap to the private sector when he exits state employment after three decades.

Illinois' latest upgrade is its fourth over the last year and moves its general obligation rating three notches away from the cusp of junk, where it once sat.

The development could potentially affect the tax-exempt status of bonds issued for the school, though it will likely be resolved before that happens.

Joliet closed on two federal WIFIA loans that mark a milestone in the the city's plans to overhaul its water infrastructure.

Ammar Rizki, CFO of the nation's most populous county, is leaving for the Obama Foundation, which is building the Obama presidential library on Chicago's South Side.

Moody's upgraded five Illinois public universities after lifting the state government's rating, lifting one to investment grade and putting three others closer.

Illinois expects to sell about $1 billion of new-money general obligation debt but the deal could grow if market conditions permit savings on a refunding piece.

The suit by local police pension funds slowed the consolidation process that Gov. J.B. Pritzker touted as helping local governments manage rising pension costs.

If state and local governments make progress on social problems with federal relief funds, it could be credit positive for them, Moody’s Investors Service said.

The city's share of American Relief Plan Act funds eased fiscal pressures and provides runway for the city to work on a pension funding fix.