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Fitch: Chicago Pension Challenge Highlights City's Quandary
December 19, 2014 Litigation challenging Chicago's pension reform legislation threatens the city's ability to escape $19 billion of unfunded...

Lawmakers Set Referendum on Michigan Transport Plan
December 19, 2014 A sales tax hike to support $1.7 billion in annual transportation and education funding will go before Michigan voters under a...

Michigan Readies Hamtramck for Local Control
December 19, 2014 Michigan Gov. Rick Snyder has declared the financial emergency in Hamtramck resolved and put a Receivership Transition...

Illinois Gov. Taps Aide Stermer To Serve Out Comptroller's Term
December 19, 2014 Illinois Gov. Pat Quinn tapped his longtime friend, aide, and acting budget director Jerry Stermer to serve out the waning...

Rating Agencies Share Dim Forecast for Healthcare
December 18, 2014 Revenue and demand pressure on not-for-profit healthcare providers as they navigate federal healthcare reform will weigh down...

Trinity Absorbing Connecticut's Saint Francis Care
December 18, 2014 Michigan-based Trinity Health is acquiring the Connecticut-based Saint Francis Care in a deal that allows Trinity to expand...

Missouri AG Sues Cities Alleging Excessive Traffic Fines
December 18, 2014 Missouri Attorney General Chris Koster sued 13 St. Louis County municipalities Thursday alleging violations of a state law...

Quinn Calls Illinois Special Session on Comptroller Election
December 18, 2014 Illinois Gov. Pat Quinn will call lawmakers back to work on Jan. 8 to take up legislation setting a special election to allow...

Moody's Assigns Detroit Issuer Credit Rating
December 18, 2014 One week after its emergency from Chapter 9 bankruptcy, Moody's Investors Service has assigned Detroit an issuer credit rating...

Prairie State Pressure Hits Batavia, Illinois Utility Debt
December 17, 2014 Moody's Investors Service assigned a negative outlook to Batavia, Illinois electric system revenue bonds citing weakened...


As it steps up its efforts to police the municipal securities market, the regulator is turning to potentially career ending sanctions for municipal officials.

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