Caitlin Devitt

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.

Indianapolis Mayor Greg Ballard said the city has tapped an international consortium led by Meridiam Infrastructure and Walsh Investors LLC to partner on a $400 million new criminal justice center that will the largest public-private project of its kind in the U.S.

Macomb County, Mich., plans to bring $260 million of bonds to market in March to pay off its retiree health care liability.

Michigan Attorney General Bill Schuette issued an opinion that Detroit's Downtown Development Authority has the constitutional authority to use its funds for a new $650 million public-private hockey stadium and entertainment district.

Detroit issued $1.28 billion of new debt that its bond team says required novel financing structures to satisfy both Michigan municipal law and the strict confines of Chapter 9 creditor settlements.

The largest municipal bankruptcy in the U.S. formally ends at 12:01 a.m. Dec. 11, and Detroit will begin fresh with local control and $7 billion less debt.