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Caitlin Devitt

Recent Stories From this Author

Sanford Health Deals for Hospitals in Dakotas
October 13, 2015 South Dakota’s Sanford Health is bringing $176 million of A-plus rated hospital bonds to market this week in a deal that will...

Michigan's Snyder Leaning Against Statutory Lien Bill
October 9, 2015 Michigan Gov. Rick Snyder has doubts about the need for a bill that would attach a statutory lien and trust to local...

Kroll Sees Pluses and Minuses in Chicago Budget Plan
October 8, 2015 Kroll has weighed in on Chicago’s 2016 budget, praising the spending plan for a key property tax increase but warning of...

Former Chicago Schools CEO To Plead Guilty to Corruption Charges
October 8, 2015 The former chief of Chicago Public Schools was indicated Thursday on charges tied to no-bid contracts worth $23 million.

Flint Reconnects to Detroit Water System Amid Elevated Lead Levels
October 8, 2015 Flint, Mich. will reconnect with Detroit’s water and sewer system after a year of struggling with polluted water from the...

S&P Drops Chicago Motor Fuel Tax Bonds Six Notches
October 8, 2015 Chicago’s motor fuel tax bonds became the latest victim of Illinois’ budget stalemate Wednesday when S&P dropped the debt six...

Michigan Statutory Lien Bill Advances to Full Senate
October 7, 2015 Michigan lawmakers joined a national debate by advancing a bill to enact a statutory first lien on local issuers’ unlimited...

Columbus, Ohio Deputy Auditor Moves to Advisory Firm
October 6, 2015 After 12 years in Columbus, Megan Kilgore is “moving across the table,” taking a job at the firm, Umbaugh, that is the city’s...

Cincinnati Turns A Corner With Pension Agreement
October 6, 2015 Cincinnati is nearing a historic agreement to remedy its long-standing pension shortfall that sparked downgrades and years of...

Chicago's Noyes Hires Indiana Public Finance Vet
October 5, 2015 Chicago-based investment firm David A. Noyes & Company has hired former Indiana public finance director Mark Moore as part of...

Michigan Governor Vows to Tackle Flint’s Water Problem
September 30, 2015 Michigan Gov. Rick Snyder said this week the state plans to offer assistance to the city of Flint, which has faced serious...

Michigan Senate Weighs Statutory Lien on GO Bonds
September 29, 2015 At a state Senate hearing, Michigan treasury officials pushed back hard against a bill that would give local unlimited-tax...

Distressed Michigan Cities Targeted in New Pilot Program
September 29, 2015 Michigan Gov. Rick Snyder unveiled a new pilot program that will have state officials mentoring local officials of 10...

Detroit Schools Legislation May Come In Next Few Weeks
September 29, 2015 Gov. Rick Snyder wants lawmakers to tackle his controversial restructuring of Detroit Public Schools, but his office has yet...

Michigan Takes Up Statutory Liens for ULTGOs
September 25, 2015 A Michigan Senate committee will take up a statutory lien bill that is part of a national debate sparked in part by Detroit’s...

S&P Drops DuPage County Water, Sewer Bonds
September 24, 2015 Standard & Poor’s has downgraded DuPage County, Ill.’s water and sewer bonds due to what the ratings agency says are volatile...

Illiana Project Suffers Fresh Blow as Feds Drop Appeal
September 23, 2015 The Federal Highway Administration filed a motion Tuesday dropping its appeal of an adverse lower court ruling that the...

Ohio's Promedica Tips Merger Hand in Bond Documents
September 23, 2015 Ohio's Promedica Health is bringing $320 million of low double-A rated hospital bonds to market Thursday, a day after...

Illinois Plea: Its Leaders Should 'Act Like Leaders'
September 23, 2015 Mayer Brown attorney Tyrone Fahner, head of an influential Chicago business group's civic arm, had strong words for the...

Ohio FA Firms Merge
September 21, 2015 Columbus-based Umbaugh has acquired Prism Municipal Advisors, a well-known Ohio financial advisory firm.


Bond Buyer Northeast regional editor Paul Burton, markets reporter Aaron Weitzman and Northeast regional reporter Andrew Coen examine the hot-button problem of public pension liability, including the lingering Illinois shadow, the New Jersey Supreme Court ruling, union pushback and Pennsylvania's bill to switch new employees to 401(k)-style plans.

As we await the final shoe to drop with regard to the SEC's MCDC initiative, the municipal market may be at a turning point in terms of disclosure.

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