Nora Colomer

Hughey Newsome resigned as Flint's chief financial officer saying he was treated poorly by members of the city council.

The city, only recently released from state oversight, is facing more fiscal challenges.

The state will use $300 million of surplus funds to pay for capital projects at university campuses.

Ohio's Hamilton Community Authority issues bonds Thursday to help finance the redevelopment of a vacant paper mill.

The Big Ten school, which has favored shorter maturities, is issuing 40-year bonds in a bid to diversify its debt portfolio and lock in low rates.

For the next fiscal year, which begins Oct. 1 , the general fund is projected to have $235 million more than estimates made last May, bringing the total to $11.2 billion.

Fargo finance director Kent Costin said the downgrade was expected given the decline in construction activity in 2019.

If regulatory agencies approve the transaction, the acquisition will expand Beaumont's hospital count to 12 and increase total revenue to $6.1 billion.

The better than expected forecast has added fuel to the debate between Republicans and Democrats over how to use the extra money.

Gary Mayor Karen Freeman-Wilson says the city will have the cash to repay short-term borrowing at the end of 2020.

Fitch Ratings revised the outlook on its AA-minus rating to negative from stable.

CFO Dave Massaron said the city is mindful of a potential downturn as it navigates its fiscal recovery from bankruptcy.

Ann Arbor Public Schools, which recently won $1 billion of new money authorization, will price $55 million of taxable bonds.

Democrat Gretchen Whitmer will sign a supplemental bill restoring more than half of the funding she vetoed in a policy dispute with the GOP-led legislature.

The Lansing Board of Water and Light will sell $252 million to refund bonds it issued in 2011.

The new online security force follows ransomware attacks on at least four local governments and agencies in Ohio during 2019.

Gov. Tim Walz wants to use some of the extra funds for a bonding bill to fund infrastructure investments in the state.

Michigan lawmakers are weighing bonds as an option for regional transit in the Detroit area.

The county's recovery plan improved its structural balance and long-term liability profile, Fitch Ratings said in support of its two-notch rating boost.

A successful closing on the unrated deal was needed to make payments on short-term notes due on Dec. 31.