Payment Plan Is Detroit Mayor's Fix for 2024 Pension Obligation
Detroit Mayor Mike Duggan announced a plan he says will help the city meet a 2024 balloon payment on its pension obligation.  more »
Detroit will set aside money ahead of time for a 2024 pension balloon payment, said Mayor Mike Duggan.
In a change of course, a Detroit authority will issue new bonds to finance the $34 million cost of adapting the under-construction Little Caesars Arena to house the Detroit Pistons basketball team.  more »
Moody's Investors Service said it has downgraded the city of Wayne, Mich.'s issuer rating to B1 from Ba3 and general obligation limited tax rating to B2 from B1.  more »
The prospect of swift legislative action to overhaul the Illinois education funding system appeared more remote Thursday, as the state House’s top Democrat announced of a new task force to come up with a plan.  more »
The Republican-controlled Michigan House of Representative voted down legislation to roll back the state’s income tax legislation.  more »
Chicago-based Daniel A. Noyes & Co. has added three institutional sales professionals to its fixed-income team in Indianapolis, a move the firm believes cements its expansion into municipals.  more »
Cuyahoga County, Ohio-based MetroHealth System was placed on Credit Watch with negative implications by S&P Global Ratings.  more »
The Chicago Board of Education approved an amended $5.4 billion fiscal 2017 budget that trims spending to plug about half of a $215 million budget gap created by a gubernatorial veto.  more »
A plan that would raise taxes to fund Indianapolis Public Transportation Corporation’s expansion of bus services throughout Indianapolis is headed to the Marion County City-County Council for a vote Monday.  more »
Freedom Inc., an African-American political club, has voted to oppose Kansas City's $800 million infrastructure bond proposal on the April 4 ballot.  more »
ROCK FALLS, Ill. -- In his State of the City address Tuesday, Mayor Bill Wescott opened with an emphasis on unlimited opportunities, and closed his speech by focusing on one that is nearing fruition.  more »
Mayors and the Illinois Municipal League will press state lawmakers this year to pass legislation merging some public safety pension fund functions and guaranteeing the flow of various revenue streams without a state budget in place.  more »
Detroit Mayor Mike Duggan says the city is on track to exit state fiscal oversight by 2018 after a third straight year of balancing its books.  more »
ROCKFORD, Ill. -- Discussion of a proposal to turn the dilapidated former Amerock factory into a four-star Hilton Embassy Suites and conference center was postponed tonight at a city Planning and Development Committee meeting.  more »

Ohio University sports financing expert and former player agent Bob Boland sifts through the messy issue of bond financing for NFL stadiums and franchise relocation with Bond Buyer northeast regional editor Paul Burton.

As we await details of the new administration’s infrastructure plans, we must continue to demonstrate the strengths of the tax-exempt municipal market that we have today.

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