Caitlin Devitt

Standard & Poor’s Tuesday raised its outlook on Michigan’s AA-minus rating to positive from stable.

The Michigan House is expected to adjourn for the summer without voting on a controversial plan to generate new road money for the state.

Michigan officials are touting the state's recovery from the Great Recession to investors considering buying $990 million of revenue bonds, the building authority's largest deal to date.

Indiana fiscal officials released final year numbers Thursday, saying the state brought in $210 million more than it spent in 2015, boosting its prized reserve fund to $2.1 billion.

Ohio-based boutique investment firm Lancaster Pollard, which specializes in health care and housing, has a new leadership team.

The board of Cook County, home to Chicago, approved a controversial sales tax increase that will go largely to fund the county's troubled pensions system.

Nebraska relies on Chapter 9 as a quick and easy way to restructure troubled special taxing district debt.

Former Cook County CFO and Illinois Rep. Henry Woods “Woody” Bowman died in a car crash in Michigan on July 10.

Michigan's Oakland University has become the second school in the state to forgo state aid in favor of a large tuition hike.

Ohio now has more than $2 billion in its rainy-day fund, the highest in the state's history, officials said.

Michigan Gov. Rick Snyder signed into law an eight-bill package boosting the state treasurer's power over distressed school districts and creating an early-warning system for districts that could face a deficit.

The Michigan Treasurer and Detroit officials warned Detroit City Council members that their rejection of a water and sewer rate increase could spark additional state oversight.

Months after the original private owner of the publicly owned toll road went bankrupt, the new owner, Australian fund manager fund IFM Investors, is set to complete the financing of its takeover bid next week.

After years of political stalemate, Michigan lawmakers appear close to a deal to tackle the state's aging roads and bridges with legislation that relies heavily on general fund dollars.

Standard & Poor's, in a comment, said it is not taking action on Illinois' bond rating but is keeping a close eye on stalemated budget negotiations.

Six months after an Indiana school district defaulted on bond payments, Standard & Poor's affirmed its A rating on the bonds and removed them from negative CreditWatch.

Michigan Gov. Rick Snyder Thursday appointed a review team to delve into Wayne County’s finances, a day after a state board found the county to be in a probable state of fiscal stress.

Cook County, Ill. President Toni Preckwinkle said she plans to fast track her proposal to raise the sales tax by one percent by calling for a vote this month on the controversial proposal.

A Michigan emergency board Wednesday found that the state’s most populous county faces probable financial stress, a finding that is the first step toward a partial or state takeover.

Issuers need to disclose any and all bank loans so that investors and ratings analysts have a clear picture of the $60 billion market, panelists said at a Bond Buyer event in Chicago.