Caitlin Devitt

The Wayne County, Mich. board Thursday rejected a proposal to cover a court-ordered pension payment with a special property tax levy, voting instead to dip into a delinquent revolving tax fund.

Michigan lawmakers have approved a bill to fix an election snafu in Flint that wiped off every mayoral candidate off the primary ballot.

Moody's Investors Service pushed a small Ohio hospital deep into junk territory amid a variable-rate debt-driven liquidity crisis and after a proposed merger with the state's largest provider fell through.

Moody's says that hospitals in Medicaid expansion states saw big drops in bad debt and that furthermore, providers across the entire sector saw improved financials in fiscal 2014.

St. Louis University is buying SLU Hospital from Tenet Healthcare and transferring it to SSM Health, one of the state’s largest providers.

Former Puerto Rico Gov. Anibal Acevedo Vila said the U.S. needs to negotiate a “new economic relationship” with Puerto Rico to help it avoid default on its $72 billion of debt.

Cook County President Toni Preckwinkle said she’s disappointed state lawmakers did not pass her pension reform bill, adding that the county’s underfunded retirement system is approaching “the point of no return.”

Australian fund manager IFM Investors has paid $5.72 billion to lease the Indiana Toll Road for 66 years, marking the largest privatization for an existing U.S. asset and the first time major US pension funds have invested in American infrastructure.

Five years ago Michigan’s retirement systems attached their guarantee to a troubled bond deal, and being forced to cover payments, lawmakers will bail out the pension funds with general fund money.

Suzanne Shank, president and CEO of Siebert Brandford Shank & Co. LLC, has been named to a national panel dedicated to boosting private investment in infrastructure.