Caitlin Devitt

About to leave an office stripped of power, Detroit Mayor Dave Bing said he restored integrity to the tarnished post and helped establish a stronger foundation for the city.

Bond insurer Syncora has asked to delay a key hearing on Detroit's proposed interest-rate swap settlement and debtor-in-possession financing.

Indiana Gov. Mike Pence said this week he would sell the state plan and ask state agencies and universities for cuts to offset an unexpected $141 million budget shortfall.

The not-for-profit health care sector has reached a negative tipping point, warned Standard & Poor's, which also said new health care law could start to impact states' larger credit profiles.

Indiana Gov. Mike Pence, who is ending his first year in office, said last week that eliminating the business personal property tax will be one of his top legislative priorities in 2014.

A public-private partnership at the airport in Gary, Ind. will drive $100 million of investment over the next 40 years, the airport announced Monday.

The Federal Transit Administration said it would give Cincinnati until Dec. 19 to reverse a recent decision to halt a controversial streetcar project or it would pull federal funding.

The federal judge overseeing Detroit's bankruptcy approved a plan for the city to issue $60 million of bonds to finance repairs to its public lighting system.

Auction house Christie's said a slice of Detroit's art collection could be worth between up to $846 million, far less than creditor speculations.

Detroit is eligible for bankruptcy protection, the federal judge overseeing the case ruled Tuesday.

Ohio municipalities face steep revenue losses — and likely constraints on borrowing ability — under a proposed overhaul of the state's local income tax system.

Standard & Poor's revised its outlook to negative from stable for Cleveland Public Power on Wednesday in light of the system's weakened debt coverage levels and growing competition.

The bankruptcy judge overseeing Detroit's Chapter 9 case delayed a ruling on a $160 million borrowing plan to finance the city's lighting system due to possible conflict of interest by public finance firm Miller Canfield Paddock and Stone PLC.

A group of Detroit's creditors, including bond insurers, asked the bankruptcy court overseeing the city's case to appoint a committee to assess the value of the city art collection and propose ideas for monetizing it.

Indianapolis, which has privatized its water, sewer and parking systems, is now eying a public-private partnership for the city's parks.

Detroit's proposed $350 million debtor-in-possession financing would mark the largest such deal in Chapter 9 history, but not the first: that honor goes to Orange County, Calif.

An Indiana legislative panel Thursday approved a transit proposal for central Indiana that would rely on new local taxes for financing.

A municipal restructuring executive who played a key role in DC's oversight board in the 1990s is Detroit's new CFO.

Detroit should drop its plan to unwind its costly interest-rate swaps and instead argue the transactions be declared illegal, a former municipal investment banker Wallace Turbeville said in a report released.

Moody's Investors Service this year has downgraded nearly a quarter of the local school districts it rates in Michigan, a big jump from last year that reflects growing budget strains and challenges.