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Caitlin Devitt

Recent Stories From this Author

Chicago Fed: State Policy Drove Michigan Locals to Fiscal Crisis
October 30, 2014 Michigan's decade-long policy of repeatedly cutting local aid to help deal with its own fiscal problems has helped drive some...

Judge Okays Indiana Toll Road Bankruptcy Plan
October 29, 2014 The operator of the Indiana Toll Road won federal court approval for a bankruptcy plan that will either sell its 75-year lease...

Lawsuits Target Actuaries of Detroit, Wayne County Retirement Funds
October 29, 2014 Members of Detroit's two pension systems and Wayne County's retirement system have the systems' actuarial firm, alleging that...

Detroit Ruling Set for Nov. 7
October 28, 2014 The trial to decide if Detroit's bankruptcy confirmation plan will be approved closed with attorneys for the city defending...

Spiotto: Michigan Needs Law Protecting Local GOs
October 28, 2014 Michigan should enact protection of general obligation bonds to help the state's local governments in the wake of Detroit's...

Bankruptcy Did Little To Stablize Detroit: MMA
October 27, 2014 On the closing day of Detroit's bankruptcy trial, municipal research firm Municipal Market Advisors warned that the city may...

Buyers Found for Detroit Convention Center Debt
October 23, 2014 The Michigan Finance Authority sold $300 million of bonds for Detroit's convention center Wednesday, seeing yields on the...

Detroit Plan Feasible, Expert Tells Bankruptcy Judge
October 22, 2014 The trial on Detroit's debt-adjustment plan adjourned after court-appointed finance expert Martha Kopacz testified that its...

Moody's Downgrades Detroit COPs Amid Low Recoveries
October 21, 2014 Moody's Investors Service dropped its rating on Detroit's $1.5 billion of certificates of participation to C from Ca, saying...

Detroit Judge Questions Orr on Land Value in FGIC Deal
October 21, 2014 More details on Detroit's crucial settlement with bond insurer Financial Guaranty Insurance Co. emerged Tuesday, while...


Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

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