Caitlin Devitt

Mayer Brown attorney Tyrone Fahner, head of an influential Chicago business group's civic arm, had strong words for the state's three most powerful politicians this week at a high-profile annual luncheon.

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.

Dramatic enrollment declines at the long-troubled Detroit Public Schools prompted downgrades from Standard & Poor’s on a chunk of the district’s state-aid backed bonds.

Missouri Gov. Jay Nixon said a $1 billion proposed football stadium in St. Louis would not need legislative or voter approval because it would be an economic development project.

Detroit water and sewer bonds won an upgrade from Fitch Ratings amid improving operations.

The Illinois House failed Wednesday to override Gov. Bruce Rauner's veto of a controversial labor bill, handing the governor a victory in his ongoing budget battle with the General Assembly.

Chicago Mayor Rahm Emanuel will reportedly propose a $500 million tax increase as part of his new 2016 budget largely for police and fire pension payments.

All three major rating agencies now have Cook County, home to Chicago, on negative outlook amid major pension obligations and other financial challenges.

Illinois has a new deputy debt director and plans to sell bonds at some point this year, according to a spokesperson for Gov. Bruce Rauner.

Ohio state Sen. Joe Schiavoni wants to ask voters for authorization to borrow up to $1 billion of bonds to finance sewer and water projects across the state.

Standard & Poor's Tuesday removed Wayne County's junk rating from Creditwatch Negative, the latest piece of good ratings news tied to the county's consent agreement with the state of Michigan.