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Caitlin Devitt

Recent Stories From this Author

Indiana City Bringing Junk Bonds Backed by Shaky Water Contract
December 16, 2014 The city of Hammond, Ind. is selling $36.2 million of junk-rated, moral obligation bonds this week backed by payments from a...

Detroit's Bankruptcy Tab to Be Revealed This Month
December 15, 2014 Detroit has just under two weeks to submit and disclose the final tab of its 17-month bankruptcy after attorneys and advisors...

Michigan AG: TIF Funds For Detroit Hockey Arena Are Legal
December 12, 2014 Michigan Attorney General Bill Schuette issued an opinion that Detroit's Downtown Development Authority has the constitutional...

Macomb County, Mich., Eying $260M OPEB Bonds in Early 2015
December 12, 2014 Macomb County, Mich., plans to bring $260 million of bonds to market in March to pay off its retiree health care liability.

Indy Taps Familiar Private Team for $400M Criminal Justice Complex
December 12, 2014 Indianapolis Mayor Greg Ballard said the city has tapped an international consortium led by Meridiam Infrastructure and Walsh...

Leaving Bankruptcy, Detroit Takes on $1.28B of New Debt
December 11, 2014 Detroit issued $1.28 billion of new debt that its bond team says required novel financing structures to satisfy both Michigan...

Detroit Reaches Bankruptcy Exit
December 10, 2014 The largest municipal bankruptcy in the U.S. formally ends at 12:01 a.m. Dec. 11, and Detroit will begin fresh with local...

Indiana U Taps into Green Bond Craze
December 9, 2014 Indiana University is selling $56 million of so-called green bonds Wednesday, the second public university to tap into the...

Ohio Sewer District Selling $412M to Meet Federal Mandates
December 8, 2014 The Northeast Ohio Regional Sewer District is selling $412 million of mostly new-money bonds Tuesday as part of a capital plan...

Michigan House Bill Diverts School Funds To Roads
December 5, 2014 The Michigan House of Representatives Dec. 4 narrowly passed a roads funding bill that would raise $1.2 billion by diverting...


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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