Government finance

Illinois' break in budget gridlock and tax hikes help market digest bonds.

The securitization bond program is up for council vote this week, with plans to reach the market by late November.

The state will sell $1.5 billion of GOs competitively on Oct. 17.

Chicago hopes to get into the market by year's end with the first of up to $3 billion of refunding under new credit.

The high court case could have undermined the sales tax refunding warrants that priced in July.

Chicago Mayor Rahm Emanuel's new borrowing program will get an airing before City Council members next week.

Declining state aid makes districts more reliant on local taxes to fund operations, said Moody's Investors Service.

Michigan is turning to a P3 model from pay-as-you-go for its highway project to shorten the completion time.

Wisconsin Gov. Scott Walker will soon sign the $3 billion incentive package.

The county faces layoffs and service cuts if the effort to repeal a beverage tax succeeds, the board president warns.

The administrators of the school districts say the short-term loans are needed as they put together long-term fixes.

Conventional thinking about local government finances must be re-examined, NLC report says.

They say a report shows state could shave billions off interest costs if it borrows to pay down the state's unpaid bill backlog.

Mayor Rahm Emanuel will introduce an ordinance Wednesday to pave the way for the new bonds.

The Chicago Teacher's Union threatened a lawsuit that could derail the funding package.

The package delivers about $150 million more than district officials wrote into their spending plan for the year.

The legislative deal ends a stalemate that had blocked funding for K-12 schools statewide.

Chicago's board of education approved a budget before a state vote on aid and with city funding uncertain.

St. Louis’ commitment to issue debt to help pay for renovations to the hockey arena is embroiled in lawsuits and has pitted the city against its elected comptroller, Darleen Green.

Fishers won't be on the hook to cover debt service payments on bonds.