Caitlin Devitt

Columbus-based Umbaugh has acquired Prism Municipal Advisors, a well-known Ohio financial advisory firm.

After getting hit with multi-notch downgrades on its water and sewer bonds, the Indianapolis suburb of Carmel is considering raising its utility rates.

Wayne County, Mich.’s disclosure that the IRS is auditing $200 million of bonds is a credit negative, because the cash-strapped county could have a hard time covering the costs of the federal interest subsidy if is lost, Moody’s Investors Service said Friday.

The Michigan Treasurer will take over 16 financially distressed school districts under a new early-warning system passed by lawmakers in June.

The Wayne County Commission Thursday approved a 2016 budget that the Michigan county’s top executive called crucial to its recovery from its financial emergency.

The city of Flint, Mich. has asked Gov. Rick Snyder for $30 million to tackle contamination in its water supply, which has been a problem since the city broke off from the Detroit Water and Sewerage Department.

As it prepares to sell bonds, the Wayne County Airport Authority, which runs Detroit’s airport, is highlighting its legal and political separations from its struggling home county, which is in the midst of a financial emergency.

Wayne County, Mich. Executive Warren Evans on Sept. 10 issued his first order under the county’s newly inked consent agreement with the state.

The Affordable Care Act is helping lift the non-profit health care sector out of its years-long torpor, according to Standard & Poor’s, which revised its outlook on the sector to stable from negative.

A statutory lien may not be enough for investors in light of the severe financial stress facing Detroit Public Schools, investors say.