Caitlin Devitt

Top-rated Columbus Ohio will ask voters to approve $800M of new general obligation bonds in November to finance a five-year capital plan.

A proposed merger between Beaumont Health System and Henry Ford Health System was cancelled Tuesday.

Cincinnati Mayor Mark Mallory reduced the number of layoffs in his proposed 2014-2015 budget, as the city continues to wait a ruling on the lawsuit that has delayed a plan to privatize its parking system.

Just weeks after announcing he would step down as emergency manager of Detroit Public Schools, Roy Roberts said last week he would stay for six more months.

Indiana Gov. Mike Pence said he is pulling state support for a $1.8 billion fertilizer plant amid political concerns, but the plant's owners said they still hope to build the facility.

Detroit's plan to restructure its debt "puts default squarely on the table" and signals bankruptcy is a real option, Moody's Investors Service says in a comment.

Michigan's recovery from its "lost decade" is expected to continue through 2017, economists and fiscal officials said, projecting nearly $700 million in largely one-time new revenues for the 2014 budget.

Detroit Mayor Dave Bing, who ran the city amidst its most tumultuous period, said Tuesday he won't run for re-election – but said he is eying a bid for Wayne County Executive's office.

Fitch Ratings last week downgraded Kalamazoo, Mich. to AA from AA-plus, saying the city faces a myriad of challenges.

The Detroit branch of the National Association for the Advancement of Colored People filed a lawsuit Monday saying Michigan's new emergency management law violates the voting rights of African Americans.

Gov. Mike Pence last week signed into law a measure that will allow the Indiana Motor Speedway to issue $100 million of bonds backed by a new state credit.

Putting bondholders on notice, Detroit Emergency Manager Kevyn Orr said restructuring the city's debt is essential to the city's survival and outlined four options he is currently considering in a new report released Sunday.

Columbus, Ohio, will come to market May 29 to refund $368M of Build America Bonds into general obligation debt, taking advantage of flexible redemption provisions that were rare among early BABs issuers.

Columbus-based law firm Bricker & Eckler hired Christiane Schmenk, former director of the Ohio Development Services Agency, for the firm's public finance group and as part of its economic development consulting subsidiary.

The Michigan State Building Authority, a key state bond issuer that last entered the bond market in mid-2011, approved the issuance of $535 million of new-money and refunding bonds.

Ohio Auditor David Yost warned local governments to tread carefully when talking about their financial conditions, calling this week's SEC charges against Harrisburg, Pa. a "watershed moment" for local politicians.

Detroit's Emergency Manager is expected to unveil his highly anticipated report on how to restructure the city's operations and debts on Monday.

Cincinnati attorneys told a federal appeals court Monday that a legal challenge to the $197 million plan to privatize the city's parking system will force the city to lay off hundreds of employees to offset budget shortfalls.

Fitch Ratings last week affirmed its AA-minus on $1.8 billion of debt held by Catholic Health Partners, Ohio's largest health care system.

Detroit Emergency Manager Keyvn Orr Monday issued his sixth executive order, approving funding for the newly created Public Lighting Authority.