Government finance

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.

The final selection of Gary schools emergency manager will be made on Monday.

The downgrade affected $38.4 million of general obligation debt.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

Providence, R.I., will host the 2019 National Association of State Treasurers' Treasury Management Training Symposium.

CIty Council members delayed voting on a proposal by the city’s mayor that would extend the contract for 30-years.

Maine State Treasurer Terry Hayes addresses recent disputes with Maine Gov. Paul LePage over bond sales and her upcoming campaign for governor in 2018. Hosted by Andrew Coen.

The Chicago Public Schools paid a punishing yield on short-term state grant anticipation notes.

Michigan's attorney general announced more felony charges in the Flint water contamination crisis.

California revenues beat state budget projections in May.

Chicago’s chief financial officer says bankruptcy isn’t on the table for Chicago Public Schools.

Massachusetts’ downgrade by S&P Global Ratings affects $22 billion in GO debt.

Municipal market buyers aren't waiting for the rating agencies -- they're already trading Illinois paper at junk bond levels.

Adam Andrzejewski, founder and CEO OpenTheBooks.com, talks about how his database of public spending could make governments more accountable. Andrzejewski ran for governor in Illinois, which he calls the “Super Bowl of corruption.” He cites outlandish salaries, waste at the federal level, and “compensation buckets” at the Port Authority of New York and New Jersey. Hosted by Paul Burton.

Two Chicago pension funds could become insolvent sooner than projected.

New York City's housing agency authorized $564 million in bonds.

Once-bankrupt Detroit ended fiscal 2016 with a $63 million surplus.