Caitlin Devitt

CHICAGO — Michigan starts the week off with a three-day pricing of a $3.3 billion unemployment-obligation assessment revenue bond issue in the largest deal of the year so far.

Michigan officials said that an upcoming bond deal that is critical to keep Detroit's finances stable will be derailed if city officials proceed with a lawsuit challenging the city's recent consent decree with the state.

CHICAGO — Michigan legislators Tuesday sent Gov. Rick Snyder the final piece of a $48.2 billion all-funds fiscal 2013 budget that reflects the state’s stabilizing fiscal position.

CHICAGO — Indiana budget officials will hire Deloitte to conduct an audit into how the state’s Revenue Department lost track of $526 million of tax revenue in a pair of high-profile accounting errors that embarrassed Gov. Mitch Daniels’ administration.

CHICAGO — Ohio State University on Friday is expected to tap a private investor that has offered $483 million in cash to take over the school’s parking system for 50 years in a deal that would make OSU the first public university to privatize such an asset.

Detroit's corporation counsel has asked the Michigan Court of Claims to overturn the consent decree recently inked between the state and city that allowed Detroit to avoid an emergency takeover.

Federal transportation officials said they want additional information before committing funds to a proposed light-rail line financed by private investors along one of Detroit's main thoroughfares.

Indianapolis Mayor Greg Ballard’s former chief of staff has joined Faegre Baker Daniels LLP.

CHICAGO — Kent State University will come to market Thursday with $170 million of new-money bonds that will raise funds for a large capital plan at the school's main campus in Kent, Ohio.

CHICAGO — Michigan Gov. Rick Snyder is reportedly close to reaching a final agreement with Canada on a long-stalled $4 billion trade bridge spanning the Detroit River at the nation’s busiest trade route.

CHICAGO -- If it passes, a referendum that would abolish North Dakota’s property taxes would pose a significant fiscal threat to local governments and would also raise their borrowing costs, Moody’s Investors Service said in a report out Thursday.

Fitch Ratings downgraded $3 billion of Detroit's sewer bonds as the city prepares to enter the market with a new-money issue in mid-June, in part to cover the expense of terminating costly interest-rate swaps.

CHICAGO — The Greater Cleveland Regional Transit Authority is bringing $41.7 million of highly rated sales-tax-backed bonds to market Thursday.

The Detroit City Council last week approved a $1.12 billion fiscal 2013 budget that largely adheres to Mayor Dave Bing’s proposed spending plan.

Fitch Ratings last week stripped the Detroit suburb of Taylor of its investment-grade rating and warned of further action by assigning a negative outlook.

The Indianapolis Public Schools board last week approved a plan to lay off 163 employees to help close a $27 million shortfall.

Michigan has set June 14 for the sale of $3.3 billion of bonds that the state will use to defease short-term debt issued in late December to pay off its federal unemployment liability.

Michigan has set June 14 for the sale of $3.3 billion of bonds that the state will use to defease short-term debt issued in late December to pay off its federal unemployment liability.

CHICAGO — Michigan officials are putting the final touches on a fiscal 2013 budget that will likely mark the state’s first contribution since the early 1990s to prefund its towering retiree health care liability.

As Indiana spends down $3.8 billion generated by its 2006 lease of the Indiana Toll Road, the state has a series of new public-private partnerships in the pipeline that underscore its continued reliance on the technique to provide financing for transportation infrastructure projects.