Caitlin Devitt

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.

Kalamazoo, the latest in a series of local Michigan governments borrowing to cover retirements obligations, is expected to sell $90 million of bonds this week to pay off a chunk of its OPEB liability.

Indiana lawmakers returning to work this week will tackle the state's school funding formula, as well as other issues, during the new budget session.

Incoming Illinois Gov. Bruce Rauner last week released a memo accusing former governors of “fundamentally dishonest” budget practices that led to the state's current financial crisis.

In a written ruling outlining his verbal affirmation of Detroit's bankruptcy exit plan, the federal bankruptcy judge overseeing the case warned that if Michigan does not act to assure that cities can pay their pensions, it may mean a repeat of the high-profile bankruptcy.

After a series of downgrades and a federal court fight related to its mounting pension debt, Cincinnati has reached a pension deal that calls for the transfer of $200 million from its retiree health care fund.

The Motor City paid $170 million in attorney and advisor fees during the largest municipal bankruptcy in the U.S.

Ohio will kick off the New Year with a pair of borrowings that will total $360 million, as the state is in the midst of a major tax overhaul that analysts warn could derail the state's structural balance.

Beaumont Health, southeast Michigan's largest provider after a September merger with two local hospitals, is refunding $408 million of bonds in January for savings.

The city of Hammond, Ind. is selling $36.2 million of junk-rated, moral obligation bonds this week backed by payments from a water supply contract with a Chicago suburb that is looking to exit the agreement.

Detroit has just under two weeks to submit and disclose the final tab of its 17-month bankruptcy after attorneys and advisors agreed in mediation to reduce their fees.