Nora Colomer

The city council continues to delay a vote on where to draw its water from long-term.

Declining state aid makes districts more reliant on local taxes to fund operations, said Moody's Investors Service.

Michigan is turning to a P3 model from pay-as-you-go for its highway project to shorten the completion time.

The authority plans to sell new money and refunding bonds.

The administrators of the school districts say the short-term loans are needed as they put together long-term fixes.

Minnesota must grant permits before work on the Red River project continues, the ruling says.

The offering follows the resolution of legal challenges to toll rate increases.

S&P Global Ratings cited improved employment and demographic indicators, and projected growth in reserve levels.

Opponents withdrew petitions for a threatened referendum that had stalled plans to issue bonds for the Quicken Loans Arena rehab.

The Chicago Teacher's Union threatened a lawsuit that could derail the funding package.

The state passed a law to strengthen its school credit enhancement program, bringing Moody's upgrades to 58 school districts.

The package delivers about $150 million more than district officials wrote into their spending plan for the year.

The legislative deal ends a stalemate that had blocked funding for K-12 schools statewide.

Chicago's board of education approved a budget before a state vote on aid and with city funding uncertain.

Fishers won't be on the hook to cover debt service payments on bonds.

The Indiana land-grant university is buying out Kaplan, a for-profit distance learning enterprise.

The bonds will take out $210.7 million of bond anticipation notes issued last week to redeem $246 million of private activity bonds.

Key's acquisition will expand investment banking services while focusing on the health care sector.

State-backed bonds will replace PABs that were headed for default as Indiana takes over a road project that's become a poster child for P3 woes.

State officials say they are prepared for increased pressure on its $10 billion general fund.