Caitlin Devitt

CHICAGO — There is cautious optimism for the nonprofit health care sector as operating performance and debt-market access show improvement after two years of financial turmoil.

CHICAGO — Michigan voters approved a slew of local borrowing and millage-increase proposals in Tuesday’s primary election, supporting a range of capital projects and funding transportation, library, and public safety budgets.

CHICAGO — Moody’s Investors Service downgraded the Chicago suburb of Oak Lawn to Aa3 from Aa2, warning that the village faces a series of fiscal challenges after two years of operating deficits.

CHICAGO — South Dakota’s Regional Health today will offer $57 million of fixed-rate revenue bonds that will be used to fund various capital projects and refund a chunk of fixed-rate debt to achieve savings.

Moody’s Investors Service Monday downgraded the Lakewood Hospital Association to A3 from A2, warning that it faces significant financial challenges going forward. Analysts kept the outlook negative at the lower rating.

The Medina County Port Authority in northeast Ohio plans to issue $29 million of recovery zone facility bonds to help finance construction of a new Hilton hotel to anchor a resort project on the shore of Lake Chippewa.

The Detroit City Council last week rejected a proposal to ask voters whether the mayor should take control of the troubled Detroit Public School system.

Wayne County Executive Robert Ficano is pushing the county Board of Commissioners to enact a pair of budget proposals that Ficano says will help keep expenses in line.

CHICAGO — Michigan environmental officials are hoping to divert up to $200 million from $1 billion of voter-authorized clean water bonding to replenish a bankrupt brownfield cleanup program.

CHICAGO — The Cuyahoga County, Ohio, Public Library will enter the debt market for the first time Wednesday with a $75 million borrowing.

CHICAGO — Ohio will price $50 million of taxable general obligation bonds Tuesday to finance bonuses for veterans of recent wars in the Middle East.

CHICAGO — Michigan voters head to the polls Tuesday to choose party candidates for a hotly contested November general election that features an unusually large number of open seats and will determine control of the Legislature.

CHICAGO — The Indianapolis-Marion County City County Council Monday night approved a high-profile plan to sell the city’s water and sewer systems to a local nonprofit utility.

The Toledo-Lucas County Port Authority last week approved an inducement resolution to issue up to $10 million of taxable revenue bonds to finance a pair of alternative energy projects located in Toledo.

A new bond-issuing authority that is a partnership of the University of Nebraska and the city of Lincoln plans to come to market next month with up to $100 million of Build America Bonds to finance a new arena.

Standard & Poor’s last week revised its outlook to stable from negative and affirmed its A-minus rating on Memorial Hospital and Health Center, a 131-bed hospital located in the town of Jasper.

CHICAGO — Junk-rated Detroit will turn to Michigan for help in issuing up to $100 million of general obligation bonds to finance the purchase and renovation of a former MGM Grand casino into a new police headquarters.

CHICAGO — Omaha Mayor Jim Suttle Tuesday proposed a trio of tax increases in part to help address a pension shortfall that credit analysts have warned is one of the triple-A rated city’s main challenges.

CHICAGO — Triple-A rated Columbus plans to enter the market next week with $432 million of general obligation bonds in a deal that marks its annual outing to raise funds for capital projects.

CHICAGO — Indiana Treasurer Richard Murdock has tapped finance veteran Lisa Cottingham to serve as the new director of the Indiana Bond Bank, one of the state’s largest borrowers.