Nora Colomer

Congressional action on transportation helped spur an upgrade for some outstanding Michigan Garvee bonds ahead of a $613 million refunding deal.

With its books restored to order, Wayne County, Mich., says it’s ready to return to the market with $200 million of borrowing to complete its unfinished jail project in downtown Detroit.

Benton Harbor, Michigan has won release from state oversight.

Uncertainty over how bondholders will be repaid once Detroit Public Schools is split in two under the district recently approved restructuring plan has put the district’s bond ratings at risk of slipping into junk territory.

Illinois lawmakers passed a six-month stopgap spending plan Thursday that will ensure schools open this fall and state services continue through the end of the year. The plan now awaits approval from Gov. Bruce Rauner.

The Port of Greater Cincinnati Development Authority is planning a post-July 4, $57 million bond offering that will be used finance the construction of a 239 room upper upscale hotel and conference center at the Madison Center development that is located 7 miles outside downtown Cincinnati.

Lawmakers convened this week at the state’s capital to negotiate a stop-gap spending plan to fund schools and other services for the state of Illinois before the fiscal year starts July 1.

Mesirow Financial is venturing into Indiana with the opening of a n office in downtown Indianapolis, and it’s hired Greg Clark to lead the effort.

In Michigan it's not just Detroit Public Schools that have fallen victim to the state's population decline. Statewide shrinking enrollment coupled with the expansion of charter schools has stretched state aid dollars and damaged school credit.

Detroit got the all clear from the city's Financial Review Commission to move ahead with a refunding of $660 million of general obligation debt.