Caitlin Devitt

Newly fired Detroit Corporation Counsel Krystal Crittendon announced Monday she is forming an exploratory committee for a possible bid for mayor.

Detroit is expected this week to win a $25 million federal grant for a long-planned light-rail project along one of the city's main corridors.

Michigan will see a revenue decline and only moderate job growth in 2013 but both should steadily grow over the next few years as the state continues to recover from its "lost decade," economists and state fiscal officials said Friday.

Sycamore Advisors LLC, one of Indiana's top financial advisors, hired Courtney Tobin, a Georgia-based former Indiana public finance official, to help expand the firm's footprint in the southeast and Chicago.

Hours after Detroit Mayor Dave Bing and the City Council fired the city's corporation counsel, Bing said a state review team's decision about whether to take over the city could come as soon as Friday.

Ohio officials said Tuesday they have decided to move forward with a $1.5 billion bond sale to finance a 25-year privatization of the state liquor distribution system despite unresolved litigation that has stalled the bond sale for a year.

Moody’s last week upgraded to Aa3 from A1 its rating on Rapid City’s sales tax revenue bonds as the city prepares to come to market with the credit.

The Ohio Air Quality Development Authority last month authorized the issuance of $32 million of tax-exempt bonds for a new recycling plant in Cincinnati, marking the authority’s first federally tax-exempt financing for a recycling facility.

Detroit-based law firm Dickinson Wright PLLC, Michigan's bond counsel, announced last week it acquired Phoenix-based Mariscal, Weeks, McIntyre & Friedlander PA.

Cook County President Toni Preckwinkle last week touted the repeal of a 1% sales tax increase that had made the sales tax rate in Cook and Chicago among the highest in the nation.

Ohio Gov. John Kasich's proposal to issue $1.5 billion of bonds against future toll revenue from the Ohio Turnpike won't hurt bondholders of existing turnpike debt, though the new bonds may not be as highly rated as the current AA debt, Fitch Ratings said in a report Friday.

Detroit's recently filed annual audit warns that the struggling city faces substantial challenge from a possible $440 million cash payment tied to interest-rate swaps that hedge its pension bonds.

Ohio will sell $220M of general obligation bonds that are a mix of new-money and refunding debt next week, and $267 million of GO bonds in early February.

For the second time in three months, Standard & Poor's upgraded its long-term rating on the Cleveland-Cuyahoga County Port Authority's bond fund program.

Moody's Investors Service downgraded the Bishop International Airport Authority, Mich. to Baa3 from Baa1 citing falling passenger levels and cuts in airline service offerings.

Michigan Gov. Rick Snyder signed into law a bill for fiscally distressed governments, replacing a law voters overturned in a ballot referendum.

The Indiana Finance Authority finalized its agreement and reached commercial close on a deal with WVB East End Partners to design and build the state's part of the massive bi-state Ohio River Bridges Project.

Indianapolis will start the new year with a $42 million double-A rated bond deal should put the finishing touch on its massive $754 million public safety net hospital replacement.

Columbus-based law firm Bricker & Eckler LLP has hired two new public finance attorneys, Bill Mason and Rob McCarthy.

Detroit Public Schools has released its comprehensive annual financial report, which shows a general fund deficit of $76.3 million, down from $283.9 million.