Caitlin Devitt

Gov. John Kasich, who has made privatization of state assets a top priority, announced that the state will embark on its first P3 with the construction of a new bridge in downtown Cleveland.

Moody's Investors Service cut its rating to Baa2 from Baa1 on Crittenton Hospital, a stand-alone provider that operates in an affluent Detroit suburb.

The state's top court Thursday will hear oral arguments for four controversial ballot proposals that have wound their way through the state's legal system.

A state representative from suburban Columbus said she is drafting legislation that would create a uniform income-tax code for all Ohio municipalities.

Standard & Poor’s last week revised its outlook to positive from stable on Michigan State University and affirmed its AA long-term rating.

Michigan’s recent legislative action reforming its largest retirement system is a credit positive for local school districts, Moody’s Investors Service said last week.

Michigan Gov. Rick Snyder and Attorney General Bill Schuette last week filed court papers seeking to dismiss a ballot proposal that would protect collective bargaining rights by making them part of the state constitution.

A muni bond investment firm warns that a state's decision to opt out of the Medicaid expansion program in the new federal health care law could hurt safety-net hospitals and local governments more than states, and drive up borrowing costs for providers located in those states.

The Detroit-Wayne County Airport Authority comes to market this week with new-money and refunding airport revenue bonds.

Moody’s Investors Service last week affirmed the A2 rating on the Cleveland Municipal School District’s outstanding general obligation unlimited-tax debt, but revised the outlook to negative from stable due in part to the district’s thin liquidity.

The board of Detroit Public Schools last week approved several measures in a bid to regain control over the district last week after the suspension of Michigan’s emergency management law.

Legislators failed to take action during a one-day special session Friday to pass pension reforms to bring down the state's $83 billion liability, considered the worst among states.

Old problems are lingering and new ones are emerging to challenge the nonprofit health care industry through 2013, S&P and Moody's warn in two reports out this week.

Legislators will hold a one-day special session Friday to try to pass pension reforms to bring down the state’s $83 billion liability, considered the worst among states.

The Legislature Wednesday approved a handful of reforms to the state's massive public school employee retirement system, but delayed until after November one of the biggest decisions – whether to convert the entire system into a 401(k) plan.

Four bond-financed health care projects totaling more than $900 million won approval from the Illinois Finance Authority Tuesday, clearing the way for three of the issuers to head to market next month.

Triple-A rated Oakland County Tuesday sold $58 million of wastewater bonds to finance the purchase of Pontiac's sewer system. The troubled Detroit suburb will use the cash to pay off its debt and eliminate a general fund deficit.

The Flint, Mich., City Council last week voted to file a lawsuit to prevent the new emergency financial manager from taking office, saying the city's financial position has significantly improved since the state took it over last December.

Residents in the three-county Detroit area approved a tax increase that will allow the Detroit Institute of Arts to stay open.

A state investigation into the Allen Park, Mich. finances revealed a myriad of financial and political problems, including a bond debt the city can barely pay.