Government finance

Chicago can't shake pension strains, CPS mess, and state dysfunction as it shows off economic and fiscal strides.

State-backed bonds will replace PABs that were headed for default as Indiana takes over a road project that's become a poster child for P3 woes.

State officials say they are prepared for increased pressure on its $10 billion general fund.

New money and refunding GO deals are in the cards.

S&P raised Cleveland Clinic's rating by one notch as it prepares to price a $1 billion bond refunding.

Wisconsin's Foxconn incentives package paves way for $252 million in highway borrowing and local government financing help.

A federal judge appointed an attorney to facilitate an agreement between Flint and the Michigan Department of Environmental Quality.

Increased state aid can stabilize Indiana schools' credit for a couple of years, but benefits will ultimately be offset by higher costs, S&P says.

Pontiac and Lincoln Park, two Michigan cities, gain control over their internal operations and finances.

General John F. Kelly’s arrival as the Chief of Staff at the White House is hopefully a harbinger of more positive action.

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

Marion County and Indianapolis council approved the first $20 million in financing for a new criminal justice center.

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

Wayne County works to reach agreement with Rock Ventures over jail project and solve tax problem.

Cook County can begin collecting a beverage tax that is expected to generate $200 million annually.

Detroit will sell 36 city-owned parcels of land for the Gordie Howe bridge project.

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.

The sales tax breaks on car trade-ins comes at too great a price for the state.

The budget for the next fiscal year increases spending on public safety and a stalled jail project.