Caitlin Devitt

Michigan Gov. Rick Snyder has lifted the four-year long state of emergency over the city of Flint and given the city a $7 million loan to eliminate the final piece of its general fund deficit.

Chapter 9 guru James Spiotto says states are increasingly realizing the importance of early intervention in their distressed cities to avoid the crisis of a municipal bankruptcy where everyone loses.

With the possibility of Chapter 9 hanging over Detroit Public Schools, investors holding Detroit schools debt may want to consider selling, says Municipal Market Analytics.

The head of Wayne County, Mich., home of Detroit, has unveiled a recovery plan with deep cuts – including wiping out retiree health care – in an effort to avoid bankruptcy.

Former Detroit Emergency Manager Kevyn Orr is returning to Jones Day, the firm he worked at prior to ushering the city through the nation's largest municipal bankruptcy.

Chicago-based David A. Noyes & Company is expanding into the primary underwriting market with the hire of Indiana muni veteran Tom Enright.

Michigan Gov. Rick Snyder signed legislation designed to ease Detroit's first post-bankruptcy appearance in the debt market.

A proposal to relieve Detroit Public Schools of a big chunk of its bond debt could increase education costs statewide, a public policy group warns.

Cook County, Ill. budget director Andrea Gibson is leaving the top county job after four years on the job, board President Toni Preckwinkle announced April 21.

Mercy Health, Ohio’s largest health care provider, prices $400 million of bonds this week, joining a handful of higher-rated hospitals that have started to return to the capital market after years of delaying deals.

Detroit Public Schools' CFO William Aldridge's departure comes at a critical time for the struggling district.

Michigan Gov. Rick Snyder has appointed two successor emergency managers to a pair of suburban Detroit school districts under state control.

The Michigan Legislature has passed a bill giving Detroit bondholders a statutory lien and intercept on its income-tax bonds, a measure aimed at easing the city's first public market sale since the end of its high-profile bankruptcy.

In a proposed $72 billion budget, Ohio lawmakers dropped all of Gov. John Kasich's proposals to increase taxes to offset a large income-tax cut, while keeping the income tax cut.

Hoosier lawmakers are revamping the state's school funding formula to boost money for growing suburban districts in a move that critics say will challenge already struggling urban districts like Indianapolis and Gary.

A struggling Cleveland suburb that is in a state of fiscal emergency wants the state to restore the $6.7 million in local government aid cuts.

Two years after defaulting on a bond payment, the school district of Pontiac, Mich. has stabilized under state oversight but could go broke by July without additional aid, according to Moody's Investors Service.

As cash-strapped governments like Illinois and Chicago eye non-traditional revenues like gambling and marijuana, economists and government officials warned that so-called sin taxes are no panacea for budget shortfalls.

Fitch Ratings boosted its outlook to positive from stable on Cleveland, Ohio, saying the outlook reflects improved financial operations and an increase in reserves.

Despite the bankruptcy of its current operator, the Indiana Toll Road continues to show the benefits of privatization, as does the new $5.7 billion bid for the road, Wells Fargo says in a new report.