Caitlin Devitt

Detroit Mayor Dave Bing and the Michigan treasurer Thursday signed a new agreement outlining 10 key reforms the city must implement over the next several weeks to access dollars from a bond-funded escrow account controlled by the state.

A one-hospital system in northern Ohio with low-investment grade ratings saw its $53 million deal oversubscribed by more than four times, according to the underwriter.

A week after voters overturned Michigan's controversial emergency management law, two of the state's six emergency managers are planning their exits and officials say the repeal could set the stage for the state's first municipal bankruptcy.

Voters approved a key property tax increase to raise money for Ohio’s Cleveland Metropolitan School District as the district launches a major reform effort.

Detroit Medical Center CEO Mike Duggan announced last week he will step down by the end of the year, a move largely seen as clearing the way for a run for Detroit mayor.

Detroit Chief Operating Officer Chris Brown, key aide to Mayor Dave Bing, is leaving to take a job at Vestas Americas, a wind power provider.

Indiana’s chief budget official Adam Horst announced last week he is leaving the post to join Indiana University Health after less than a year on the job.

The Cook County Board Friday approved a $3 billion, fiscal 2013 budget as the county prepares to come to market later this month with roughly $300 million of refunding bonds for interest-rate savings.

The re-election of President Obama is a credit neutral event for non-profit hospitals, but looming changes in the federal landscape tied to the new health care law and budget deficit, present challenges, Moody's Investors Service said in a report Wednesday.

Voters Tuesday repealed Michigan's controversial new law for fiscally stressed local governments, a move that Gov. Rick Snyder warned could lead to some municipalities declaring bankruptcy.

A small, fast-growing Indiana city that needs money for capital projects sold its water and sewer systems for $91M in cash to the same utility that bought Indianapolis' systems for $1.9B last year.

Plainwell Community Schools has sued Michigan after the state refused to sign off on a privately placed bond sale that would allow the district to pay off a state loan and generate interest-rate savings.

Moody's Investors Service cut its underlying rating on Dewitt Public Schools, Mich. to A1 from Aa3.

Gov. Rick Snyder Monday appointed long-time municipal finance veteran John Axe to the Michigan Judges Retirement System Board.

Indiana budget officials reported that general fund revenues increased 4% through October from the start of fiscal 2013, nearly double the most recent forecast.

Cook County announced it received a long-awaited federal approval for a so-called 1115 Medicaid waiver, allowing the county to expand its Medicaid program.

Indiana's transportation director visited Ohio to tout the Hoosier State's $3.8 billion toll road lease as Ohio Gov. John Kasich nears an announcement on the privatization of the Ohio Turnpike.

Indiana University selected Goldman Sachs to act as its main advisor on a proposal to privatize its parking system in a bid to raise cash to offset declining state aid and other revenue sources.

Ohio-based bond counsel firm Peck, Shaffer & Williams LLP hired two recent law school graduates for its Cincinnati office, bringing the firm’s number of public finance attorneys to 45 nationally.

Two of Michigan's largest providers Wednesday announced plans to merge to create a new $6.4 billion system, joining the growing number of providers nationally who are hoping to consolidate.