State of Illinois

Moody's labeled the Illinois high court's refusal to hear an appeal on step raises a "credit negative" for the state.

The state’s net position of governmental activities eroded by $10.1 billion to reach a negative $141.7 billion.

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

Issuers in the Midwest sold $82.98 billion of debt last year, a 5% drop from 2016.

The power of public employee unions to influence elections and their wage and benefit arrangements could be at stake.

The unfunded pension burden for Chicago, Cook County, and other local funds hit $50 billion in fiscal 2016.

Illinois Gov. Bruce Rauner's budget proposal would push some state costs onto schools and universities

Release of the spending plan marks the first salvo in the fiscal 2019 budget season.

An Illinois lawmaker has filed a bill that would authorize the massive borrowing.

Municipal bond volume evaporated in January, as the market felt the aftereffect of federal tax legislation that pulled issuance forward into 2017.

The alliance graded key budgeting and transparency practices in each of the 50 U.S. states.

The stakes are high with two of the state’s general obligation ratings one notch away from speculative grade.

Several market participants said it’s hard to take such a proposal seriously.

State agencies are also holding $2.3 billion of bills that can’t be paid until lawmakers approve appropriations, the state comptroller said.

Muni volume in the last week of January is forecast to match that of the first three weeks combined, satisfying pent-up investor demand.

Municipal bond prices remain under pressure at midday as U.S. Treasury yields hit three-year highs and the market looks to next week's $7.17 billion slate.

Moody's shifted the outlook on its A3 rating forSpringfield, Illinois, to negative.

Tax-exempt issuance again dominates the calendar, after a week of mostly taxable deals .

The municipal bond market will see $3.35 billion of new deals hit the screens next in a holiday-shortened week. Ipreo estimates weekly volume at $3.35 billion, up from $3.12 billion this week.

The unfunded liabilities of the funds nearly doubled over the last decade.