Public finance

Illinois will use the proceeds to pay down some of its $16 billion unpaid bill backlog.

Municipal bonds finished weaker on Wednesday as Illinois came to market with $4.5 billion of general obligation bonds, the biggest tax-exempt deal of the year.

Tax bill-writers may include keeping the deduction for property taxes.

New Jersey's long track record of aiding distressed municipalities continues, according to S&P Global Ratings credit analyst Timothy Little.

Municipal bonds were weaker at mid-session as Illinois came to market with $4.5 billion of general obligation bonds, the biggest tax-exempt deal of 2017.

Municipal bonds were weaker as Illinois came to market with $4.5 billion of general obligation bonds, the biggest deal of the year so far.

The state Senate could bring the spending plan up for a vote that could help end a nearly five-month impasse.

Municipal bond traders will be watching what kind of reception Illinois's $4.5 billion general obligation deal, the biggest of the year so far, gets on Wednesday.

Creditors are at odds with the island government over the conditions on federal hurricane disaster aid.

The council wants to buy time to decide on a longer term water contract.

Municipal bonds finished weaker on Tuesday as deals from Florida and New York priced ahead of Illinois' $4.5 billion sale slated for Wednesday.

Chicago Public Schools will ask its board to OK up to $1.1 billion of borrowing Wednesday.

Comptroller Susana Mendoza wants lawmakers to override Gov. Bruce Rauner’s veto of the Debt Transparency Act.

Oklahoma's Republican leaders agreed to increase taxes on cigarettes and fuel to stabilize the budget.

Battle Ground school district voters have a chance to build new schools and replace aging facilities.

Panelists at SIFMA's annual meeting see the federal government making changes to grant programs and PABs for infrastructure.

The new system would feature enhanced technology and integrate across all the authority's subway, bus and commuter rail units.

Municipal bonds were mixed at midday as several large deals hit the screens on Tuesday.

The petition calls the $1.25 billion budget-balancing move unconstitutional.