What little hope remained of reopening or repurposing the shuttered Tamms Correctional Center continues to grow dimmer.

In 2001, state/local pensions assumed they’d earn a risk premium of 0.7% over long-term Treasury bonds; today, they assume they’ll beat Treasuries by 3.8%.

A steel supply and coil processing manufacturer is moving from Illinois to Gary. Alliance Steel says it will invest nearly $20 million to establish its northwest Indiana headquarters and create up to 130 jobs by 2023.

Blago: “How does my hair look?”

When it comes to reviewing the state of Illinois’ finances, be skeptical of what politicians have to say.

They — no matter their party or political perspective — have a motive to shade or exaggerate the truth.

Those who want the straight dope need to listen to the money men, guys like Eric Kim from Fitch Ratings service.