Government finance

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.