Nora Colomer

Legislation that would pave the way for state oversight and appointment of an emergency manager for Indiana’s embattled Gary Community School Corp. in Indiana is headed to the state House after passing the Senate.

Indiana is looking for solutions to concerns S&P Global Ratings raised over its school bond intercept program when it placed the program on CreditWatch negative.

Canton, Ohio, was slapped with a two-notch downgrade over its ongoing budget struggles.

Michigan Gov. Rick Snyder presented a fiscal 2018 budget plan to tackle the state’s unfunded retiree obligations and bolster education funding while maintaining growth in the rainy day fund.

Wayne County Executive Warren Evans said he is keeping the county’s options open for a jail site after the backers behind a Major League Soccer expansion bid proposed a site swap.

Michigan Gov. Rick Snyder has formed a task force charged with recommending how to tackle local governments’ unfunded retirement obligations.

Ohio-based public utility, Dayton Power and Light, plans to shift its business away from coal-fired generation and modernize its grid under an electric security plan that may represent a credit positive.

Threatened school closures in several Michigan school districts are a credit negative, according to Moody’s Investors Service.

Indiana moved a step closer to taking over the distressed Gary Community School Corp. with the unanimous committee passage of legislation that would pave the way for state oversight and appointment of an emergency manager.

Allen Park, Michigan took its final step toward financial independence on Tuesday, regaining full local control its operations and finances after nearly four years of state oversight.