Nora Colomer

A plan that would raise taxes to fund Indianapolis Public Transportation Corporation’s expansion of bus services throughout Indianapolis is headed to the Marion County City-County Council for a vote Monday.

Detroit Mayor Mike Duggan says the city is on track to exit state fiscal oversight by 2018 after a third straight year of balancing its books.

The general obligation limited tax bonds of 32 local governments in Michigan were upgraded one notch on the back of a ratings methodology change by Moody’s Investors Service.

A plan to eliminate Michigan’s income tax is headed to the full state House of Representatives for a vote.

Flint and its utility customers are on the verge of losing water credits that offered more than $40 million in payment relief and help in covering city water payments at it recovered from it water contamination crisis.

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.

Wayne County, Mich. said it expects a general fund operating budget surplus of $44 million, news the county hopes will bolster its fiscal position as it advances plans to complete its downtown jail project that will require $200 million of borrowing.

Ohio Gov. John Kasich is looking to reduce the state’s reliance on income tax revenue by raising the taxes on cigarettes, beer and wine, gas drilling and raising and expanding the sales tax.

Wayne County, Michigan is taking the next step toward reviving its bond-financed downtown Detroit jail project.

Battle Creek, Michigan’s general obligation bonds and issuer default rating took a one notch downgrade to AA-minus from Fitch Ratings.

A new tool to help Ohio cities and counties gauge their fiscal health found that 16 cities and one county meet the threshold for having high fiscal stress.