Caitlin Devitt

Indianapolis comes to market Tuesday with $42 million of lease revenue bonds that mark the final piece of a financing for a massive new $734 million public safety net hospital located in downtown Indianapolis.

A lawsuit challenging the appointment of new Detroit emergency manager Kevyn Orr has been dropped.

Michigan budget director John Nixon said the positive ratings actions from rating agencies last week were the "culmination of two years' work."

The city of Fort Wayne, Ind. said it would be able to reduce future sewer rate increases as a result of saving $3 million in a late-2012 refunding of $29 million of sewer debt.

The Ohio Turnpike Commission Monday tapped Citi as the senior manager on $1.5 billion of bonds backed by a new pledge of Ohio Turnpike revenues.

Indiana lawmakers and Gov. Mike Pence will begin negotiations on a final $30 billion, two-year budget this week with the deadline of hammering out a final spending plan by the end of the month.

A group of four city council members, including one from Cleveland, have asked the Ohio Attorney General to launch an investigation into the controversial bond-financed Prairie State Energy Campus that opened last year after cost overruns and delays.

Cook County's new CFO Ivan Samstein takes the helm as the nation's second-largest county continues to struggle with revenue declines and other challenges.

The board of the Cleveland-Cuyahoga County Port Authority approved a measure last week to issue $90 million of tax-exempt bonds to finance new headquarters for Cuyahoga County in downtown Cleveland.

Indiana last week reached financial close on a $700 million tax-exempt bond financing that finances the state's half of the $2.6 billion bi-state bridge project with Kentucky.

Cook County began imposing a $25 tax on all firearms starting Monday as part of the county’s 2013 budget.

Saginaw County, Mich. will become the first in the state to take advantage of a new law when it to comes to market next month with up to $75 million of pension obligation bonds.

Just days after Moody's boosted its outlook to positive, Fitch Ratings Tuesday upgraded Michigan to AA from AA-minus and Standard & Poor's lifted its outlook to positive from stable.

Detroit activists filed a federal lawsuit against the state's new emergency management law Thursday, the same day the new law took effect.

Moody's Investors Service boosted Aa2 Michigan's outlook to positive, saying the state is rebuilding its reserves and should be able to withstand pressure from troubled local governments.

Most non-profit hospitals are expected to find the 2% Medicare reimbursements cuts that take effect Monday manageable, Fitch Ratings says in a new report.

Moody's Investors Service last week confirmed its Baa3 rating on Memorial Healthcare and removed the rating from under review. The outlook is positive, Moody's said.

The Detroit Medical Center has dropped plans to build a $50 million outpatient facility in the Detroit suburb of Royal Oak.

Michigan will likely have a federal health insurance exchange instead of a joint state-federal partnership after the state Senate last week recessed for spring break without meeting a federal deadline.

Ohio Gov. John Kasich is expected to sign into law a new two-year, $7.6 billion transportation budget that features as its centerpiece Kasich's proposal to issue debt backed by future turnpike tolls.