Caitlin Devitt

It could be a crucial year for Detroit Public Schools as Michigan Gov. Rick Snyder, Detroit Mayor Mike Duggan and a newly created coalition of Detroit leaders take on problems at the long-troubled district.

Michigan's proposal to raise the sales tax to generate new road funding would also generate fresh dollars for school districts, Moody's Investors Service said Friday.

An Indiana state representative's bill would only allow issuers to propose borrowing and tax levy questions during general elections in order to boost voter participation.

A proposed bill requiring Nebraska issuers to boost disclosure and stress bondholders' lack of priority over pensioners could spook national investors and drive up borrowing costs, some market participants warned state lawmakers Wednesday.

Jones Day, the law firm that oversaw Detroit's bankruptcy, said it cut its fee by $18 million, leaving a $58 million final tab that it defended as reasonable given the "cutting-edge" nature of the Chapter 9 case.

Michigan Gov. Rick Snyder urged voters to approve a May 5 ballot referendum calling for an increase in the state sales tax to raise $1.2 billion in new road funding during his state of the state address Tuesday.

A Nebraska state senator introduced a pair of bills that would either give bondholders a clear priority over pensioners in the event of a bankruptcy or force cities to advertise their lack of priority on the first page of an official statement.

Michigan officials said Friday they expect general fund revenues to be down by $857 million over the next two years, largely due to higher-than-expected use of business tax credits.

Flint officials said they would hire a consultant to help improve the city's poor water quality since it broke off from the Detroit water and sewer system last year.

Lazard Freres, which represented retirees in the Detroit bankruptcy, said it agreed to a 37% fee reduction as part of court-ordered mediation.

Michigan economists are warning of unexpected revenue declines, due largely to sizable business tax credits, as the state prepares to release formal revenue projections on Friday.

Indiana Gov. Mike Pence is pushing for a balanced budget amendment to the state constitution to control future spending despite what he called a decade of fiscal disciple.

The University of Notre Dame's sale Tuesday of $400 million of taxable bonds may have won the lowest corporate yield for a 30-year maturity in history, according to the finance team.

Michigan Gov. Rick Snyder Tuesday tapped Flint's emergency manager to take over as the fourth manager of the troubled Detroit school system.

The University of Notre Dame is selling $400 million of Aaa-rated taxable bonds this week to refund hedged variable-rate bonds and raise money for the largest building project in the university's history, centered on its iconic football stadium.

Hoosier Gov. Mike Pence proposed a $31 billion, two-year spending plan that includes $700 million in capital projects that would be funded entirely with cash.

Chicago-based private equity firm Madison Dearborn is poised to acquire prominent health care advisor Kaufman Hall Inc.

North Dakota will weather slumping oil prices and will continue to spend money on badly needed infrastructure in oil-producing counties, Gov. Jack Dalrymple said Tuesday in his state of the state address.

The last remaining stand-alone non-profit hospital in southeast Michigan has signed a letter of intent to merge with the largest non profit health care system in the country.

Michigan Gov. Rick Snyder has signed into law a pair of bills to create a large tax-free industrial zone in Detroit, an effort that supporters say will boost employment and investment in the city.