* Illinois sells largest Build America Bond offering in three months

The biggest and longest-term maturity in the transaction was $520 million of 6.63 percent securities due in February 2035, priced at 205 basis points, or 2.05 percentage points, more than benchmark 30-year Treasuries.

* Money woes could threaten high-speed rail’s future

The $8 billion in stimulus cash awarded to 13 high-speed rail corridors across the country may seem like a windfall for advocates, but there’s a catch: The money isn’t enough to finish any of the major projects.

* Illinois may get new regulations for debt settlement companies

[Lisa] Madigan recently forwarded legislation in the state that would forbid debt settlement companies from charging certain fees, including those charged to consumers monthly. Companies would also have to get a license from the state’s Department of Financial and Professional Regulation.

* Madigan sues Williamson County contractor

* Obama Budget Includes Thomson Money

The historically large budget includes about $270 million for the prison, which is slated to host terrorists moved from Guantanamo Bay prison when it is closed.

That’s nearly double the amount that Governor Pat Quinn sought for the penitentiary, $100 to $145 million.

* Roland Burris piles up legal debt

The Illinois Democrat has told Senate officials that he has piled up debt worth more than $649,000, according to new filings released Monday.

* Chicago housing market won’t recover until 2013

* New-home sales: ‘The industry has been basically obliterated’

* Chicago Alderman Isaac Carothers pleads guilty to corruption

* Ald. Carothers pleads guilty to bribery, resigns

* Crooked alderman followed his father up political ladder

Carothers’ father and political mentor, former Ald. William Carothers (28th), went to prison in 1983 for extorting up to $32,500 in remodeling work for his ward office from the builders of Bethany Hospital. The son’s crimes were strikingly similar.

* Carothers’ dad convicted of corruption charges too

* Metra Increases Fares

One-way fares are going up by 6 percent today. That’s about 30 cents more per ticket, and weekend fares will increase from $5 to $7.

* Midway Airport privatization in holding pattern

Last week, the city asked the FAA for more time to complete the deal, a request the FAA has granted, according to a spokesman for the city Finance Department. The city had a Monday deadline to file the notice to comply with an FAA pilot program that allows up to five U.S. airports to be privatized, including one major hub, and Chicago wants to keep first dibs on that designation.

* City awards clout-heavy firm towing contract, again

Shortly after taking office in 1989, Daley turned towing over to Environmental Auto Removal, a newly-formed company whose owners had close ties to former State Sen. Jeremiah Joyce (D-Chicago), one of the mayor’s closest friends in politics.

* North Shore to vote on $174M school referendum

* District 207 approves $15 million in cuts, lays off 137 employees

* Lake Park aims to trim $1.7 million

* Wheeling OKs buyouts for 15 employees

* Former Lincoln clerk sentenced to three months for embezzlement

* Lisle HR director resigns after theft charge

* SIUC enrollment down again for spring

Total enrollment stands at 19,134, which includes 16,950 students on campus and 2,184 off-campus. The off-campus enrollment reflects a 21-student increase compared to a year ago.

* Enrollment drops 1.3 percent

* John A. Logan continues to see increase in classes

* Normal Council Votes to Increase Sales Taxes

In the first local increase since 2001…Normal council members approved a point 2-5 percent sales tax increase that will go into effect on July 1st.

The tax hike will bring Normal’s rate up to 1.5 percent, which is in line with Bloomington’s.

* Rockford’s slide in sales tax revenue slows in October

The city’s October revenues were off just 3.7%; other area municipalities didn’t do as well.

* New Lenox seeks agreement with CN

While most towns in this area already have negotiated settlements with CN, Will County, New Lenox and seven others are still fighting to get the railroad to address their environmental concerns.

Just last month, Plainfield dropped out in exchange for local upgrades, including a system to alert emergency workers about blocked crossings and easements for an overpass at 143rd Street.

* RI wants to look at options for marina

* Galesburg City Council OKs RR overpass pact with state

The City Council authorized a $14.1 million funding agreement with the Illinois Department of Transportation on Monday that will allow the city to begin property acquisition necessary to start the West Main project.

Galesburg was awarded $33.5 million through the state’s capital infrastructure program last summer to build grade separations — overpasses or underpasses — at West Main, East Main and North Seminary streets.

* Union pickets to publicize contract dispute with Galesburg

The American Federation of State, County and Municipal Employees has been attempting to negotiate a new contract with the city for more than a year but those talks have reached an impasse over the union’s demand that it have a guaranteed work week.

* Morton lays out budget-cutting ideas

* Macon County ready to act to avoid effects of coming cash crunch

* [Springfield] School board OKs new college-prep academy

* Don’t Mess with Peoria Pundit: A lesson in ethics for Rachel Parker’s PR guy