Caitlin Devitt

Indiana embarks on its first public-private partnership that is structured with availability payments next week as it borrows $641 million of private activity bonds for its half of the $2.6 billion, bi-state Ohio River Bridges project.

Michigan Gov. Rick Snyder's historic decision Friday to take over the city of Detroit bodes well for the credit and for other local distressed governments, muni experts said, even as Snyder warned that all creditors might take have to take a loss.

Michigan Gov. Rick Snyder Friday announced that the long-suffering city of Detroit was in a state of financial emergency, paving the way for a full state takeover within two weeks.

Long-time Chicago public finance veteran Tariq Malhance is stepping down as Cook County's CFO, and the current deputy CFO, Ivan Samstein, is expected to take over the top finance spot.

South Dakota comes to market Thursday with $171 million of refunding tobacco bonds to finance education across the state amid ongoing uncertainty in the high-yield sector.

Mike Duggan, the former CEO of the Detroit Medical Center and a former Wayne County prosecutor, was expected Tuesday night to make official his mayoral bid, as the threat of a state takeover looms.

Moody's Investors Service affirmed its A1 rating on the city of Canton, Ohio and removed the negative outlook.

Detroit Mayor Dave Bing announced last week that deputy mayor Kirk Lewis left the administration for a job in the private sector.

Citizens Energy Group, which bought Indianapolis' water and sewer system in 2011, is asking the state regulatory commission for rate increases to finance $560 million in capital improvements.

The long-struggling city of Flint, which has been under emergency management for more than a year, is selling nearly $60 million of speculative-grade bonds on behalf of Hurley Medical Center, a city owned facility that serves as the local safety net provider.

The Ohio Turnpike Commission plans to issue a pair of RFQs for firms interested in acting as underwriter or bond counsel on a $1.5 billion deal featuring a new turnpike credit that still needs to be approved by the Legislature.

If Michigan Gov. Rick Snyder appoints an emergency manager for Detroit, that person will tackle $15 billion of long-term debt liabilities and try to maneuver around a $440 million swap termination payment.

Treasurer Andy Dillon said Detroit can avoid bankruptcy, after a Michigan review team found that a financial emergency exists in the city paving the way for an emergency manager.

Fitch Ratings revised its outlook to negative from stable on Xavier University, a private, Jesuit institution based in Cincinnati. The ratings agency affirmed its A-minus rating on the school.

Detroit Mayor Dave Bing last week unveiled a public-private partnership to tackle demolition of the countless vacant and blighted buildings across the city.

The board of Wayne State University last week approved a plan to sell $92 million of general revenue bonds this spring to finance new construction, including a new building in Detroit.

Indiana lawmakers this week began debate on a new two-year budget that's cushioned with a $2 billion surplus, strong revenues, and low debt.

With the threat of an emergency manager hanging over Detroit, Mayor Dave Bing said the city is making progress despite its fiscal problems during an optimistic state of the city address.

Ohio Thursday holds a competitive sale to refund $267 million of general obligation school bonds to achieve interest-rate savings, and will return to market in two weeks with $135M of new money.

Moody's Investors Service last week downgraded its underlying rating to Baa1 from A2 on Northeast Ohio Medical University.