Bankruptcy

Amid a two-year budget shortfall of nearly $800 million, Kansas lawmakers must increase funding for public schools, the state Supreme Court ruled Thursday.

Atlantic City’s $72 million tax settlement with the Borgata Hotel Casino & Spa is a credit positive for the distressed gambling hub that produced “considerable” savings, according to Moody’s Investors Service.

Bond insurer ACA Financial Guaranty Corp. has gone to federal court seeking the keys to Buena Vista, Virginia’s city hall and compensatory damages after the city defaulted on ACA-wrapped debt that financed a golf course.

A struggling Indiana highway public-private partnership may have turned a corner.

Chicago Public Schools is warning that without state help or court intervention a $129 million shortfall may force it to end the school year early.

Credit concerns are mounting over the financial stability of Toshiba Co., parent of the company building partly municipal bond-financed nuclear units in South Carolina and Georgia.

A judge in Lackawanna County, Pa., cleared distressed city Scranton to triple its local services tax.

Senior holders of Puerto Rico Sales Tax Financing Corp. (COFINA) bonds filed a motion Wednesday to become involved in a court case that pits their interests against those of the commonwealth’s general obligation bond holders.

Atlantic City is planning to issue $72 million in bonds to pay for its tax settlement with the Borgata casino.

Facing the loss of millions in federal funds, the Miami-Dade County Commission voted to comply with immigration authorities' orders to hold jailed undocumented inmates regardless of the cost to the county budget.

A court ruling momentarily halting New Jersey from cutting Atlantic City’s firefighter workforce as part of its state takeover is a credit negative for the cash-strapped city, according to Moody’s Investors Service.

A member of the Puerto Rico House of Representatives asked U.S. Attorney General Jeff Sessions to change a planned referendum on Puerto Rico’s status.

Atlantic City's tax settlement with the Borgata Hotel should help the distressed city move forward to deal with its other fiscal challenges, analysts said.

A recent New Jersey Supreme Court decision rejecting a school funding freeze proposed by Gov. Chris Christie for 31 mostly low-income districts is a credit positive for the impacted localities, according to Moody’s Investors Service.

The Chicago Board of Education and a group of parents sued Gov. Bruce Rauner and the Illinois Board of Education, charging that the state’s funding system discriminates against its mostly minority student population.

A county judge heard opposing motions as a Scranton, Pa., taxpayer group looks to stop the distressed city from tripling its local services tax.

The first legal action challenging New Jersey’s takeover of Atlantic City finances will be decided at the local level after a federal judge sent the case back to Atlantic County Superior Court.

A county court is scheduled to hear a petition by a Scranton, Pa., taxpayer group that alleges the city’s tripling of its local services tax is illegal.

St. Louis voters will decide whether to raise taxes to fund a light-rail expansion and other projects and to cover the city's contribution for a new professional soccer stadium.

After a judge approved the final settlement in the 38 Studios fiasco, Rhode Island Gov. Gina Raimondo said she would ask a court to release grand jury documents.