Caitlin Devitt

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.

Detroit has not reallocated payments for its unlimited-tax general obligation bonds because those bonds are tied up in federal mediation talks, the city said Monday.

Commissioners in Hamilton County, Ohio, are expected to consider a proposal to restore part of a property tax rebate that the county has repeatedly cut in order to fund two of the city's sports stadiums.

Detroit Monday disclosed the fees it must pay to Barclays Capital Inc. to secure a $350 million debtor-in-possession financing, after the bankruptcy judge overseeing the city's case ordered the disclosure.

Wayne County is expected to vote Tuesday on a proposal to sell an unfinished, bond-financed jail project in downtown Detroit to a private developer.

Blaylock Robert Van LLC has opened a new office in Columbus, Ohio staffed by a veteran investment banker who's been active in the state's municipal market for 30 years.

States are no longer waiting for the federal government when it comes to trying to drum up new revenue for transportation infrastructure, said Victor Mendez, administrator, Federal Highway Administration, Friday morning at the Bond Buyer's Transportation Finance/P3 conference here.

With motor fuel tax in a long-term slide, transportation advocates need to get better at convincing the public and elected officials about the link between infrastructure and regional economic health, transportation experts here at the Bond Buyer's transportation conference said Thursday.

The federal judge overseeing Detroit's bankruptcy case ruled Thursday that the city must reveal the fees it plans to pay to Barclays for a $350 million debtor-in-possession financing, one of the few DIP loans for a municipality in Chapter 9.

Cook County, Ill., heads to market as soon as next week with a new bond team selected out of the county's newly assembled, three-year bond team pool.

Detroit's mayor-elect Mike Duggan introduced the core of his transition team even as he said it remains unclear how much power he will have under the city's state-appointed emergency manager.