Caitlin Devitt

The recent default by an Indiana school district reveals how a state intercept enhancement program does not necessarily reduce the chance of default, Moody's says in a new comment.

Hutchinson, Shockey, Erley & Co. has hired longtime Chicago public finance banker Doug DeAngelis from Fifth Third Securities to act as national public finance director and re-open its Chicago public finance office.

University Hospitals, one of northeast Ohio's largest providers, is in talks to acquire stand-alone hospital Samaritan Regional Health.

A bill designed to ease Detroit's first appearance in the public debt market since its bankruptcy sailed through a Michigan legislative committee and could come before the Senate next week.

Officials from Nebraska’s largest cities urged lawmakers not to put “Goldman Sachs ahead of the common citizen” by advancing a bill that would favor bondholders over pensioners in the event of a bankruptcy.

Two northwest Indiana counties will nail down the final details of their tax-exempt bond-financed bid for the bankrupt Indiana Toll Road over the next two weeks.

Ohio Gov. John Kasich is pushing lawmakers to continue to chop away at the state's income tax rate, offsetting the loss with an increase in so-called consumption taxes.

Michigan lawmakers have sent Gov. Rick Snyder legislation that patches an estimated $420 million current-year shortfall coming from business tax credits.

A state bill enabling Indianapolis to borrow $84 million for a new soccer stadium in downtown Indianapolis has sparked a debate that echoes the national debate over sports facility financing.

Macomb County, which borders Detroit, is expected to come to market next week with $264 million of retiree health care bonds to pay off all of the outstanding OPEB obligation.

Moody's Investors Service downgraded the Cleveland suburb of Maple Heights two notches into junk territory a week after the state auditor declared a fiscal emergency and two months after the city missed payments on sewer loans to the state.

Detroit leaders are poised to send a $1 billion 2016 budget to the financial committee that oversees the bankrupt city that it hopes will be the first of three straight balanced budgets that would give the city financial independence by 2018.

Easing Detroit Public Schools' debt burden is considered key to the district's revival and survival, and bankruptcy is possible, according to one of the reformers working on the turnaround effort.

Ohio Auditor David Yost has declared the city of Maple Heights to be in a state of financial emergency after the Cleveland suburb missed payments on sewer loans in January and showed deficits in its general and debt service funds.

A week after pushing Wayne County, Mich. to junk territory, Standard & Poor's released a commentary saying it's too early to start talking about bankruptcy or a state takeover for the county, home to Detroit.

Michigan is reportedly looking for ways to provide debt relief for the cash-strapped Detroit Public Schools as part of a larger turnaround plan.

Federal Bankruptcy Judge Thomas Tucker, who took over Detroit's bankruptcy this week, asked attorneys to meet with him to address any lingering issues in the historic case.

With hospital issuance up so far in 2015 and likely to stay that way, investors may not be sufficiently compensated for the sector's risks, according to Municipal Market Advisors.

The January default by a well-off Indiana school district, though quickly cured, reveals problems with the state funding formula and investors' reliance on state school enhancement programs, market participants say.

Detroit will float $119 million of water and sewer bonds through the state's revolving fund under a resolution approved Thursday by the financial commission that oversees the post-bankrupt city.