State of Illinois

Illinois Gov. Bruce Rauner reshaped a school funding bill Tuesday, cutting CPS' piece of the pie.

The Lombard, Ill. Public Facilities Corp. is seeking to restructure its $190 million of now defaulted debt.

The rating agency said it doesn’t expect the budget to directly result in any local government rating changes, though school districts remain vulnerable to a possible impasse over funding.

Gov. Bruce Rauner has called the bill a “bailout” for Chicago Public Schools and plans to use his amendatory veto powers to cut funding in half.

Illinois made $740 million in Medicaid-related payments this week.

Chicago has good news to share as investors return to town, though pension and school woes loom large.

The fate of Illinois’ fiscal 2018 appropriation for school districts remains up in the air with a showdown looming between Gov. Bruce Rauner and the General Assembly’s Democratic majority.

Four of Illinois’ junk-rated public universities won an upgrade from S&P Global Ratings.

Illinois bonds saw a slight price bump in reaction to Moody's confirmation of the state's Baa3 rating.

The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.