Nora Colomer

A reappraisal of Detroit property taxes means that more than half of homeowners will see a reduction in taxes for the fourth year in a row, which could help the city’s post-bankruptcy economic prospects as more property owners keep current.

Michigan needs to do more to help cities control the costs of infrastructure and healthcare spending, the Michigan Municipal League says in a new report.

Indianapolis’ upcoming $68 million bond sale marks a return to property tax-backed debt borrowing for the city after an eight-year absence.

Royal Oak, Mich., is awaiting state approval on a $126 million general obligation-backed retirement obligation bond deal that would help the city pay off its legacy retirement obligations.

Michigan's underfunding of its infrastructure could crowd out the state's ability to fund other priorities such as improving pension funding at a time when tax revenues are beginning to slow, according to a Moody's Investors Service.

Indiana must keep its books balanced and its reserves well-funded, Indiana Gov. Eric Holcomb said, calling the state government’s strong fiscal health a “bedrock” of its appeal for businesses.

Michigan Gov. Rick Snyder put the state's infrastructure needs at the top of his to-do list in his State of the State address

A $330 million surplus this year that resulted from better than projected fund balances and other one-time savings will help out the fiscal 2018 budget, according to new state financial projections.

Most Nebraskans could see an income tax cut beginning in 2020 under a tax overhaul proposal Gov. Pete Ricketts announced Thursday.

Indiana Gov. Eric Holcomb unveiled a nearly $31.8 billion, two-year spending plan he said achieves his education funding and economic development goals while preserving the state's reserves and top credit marks.

Municipal retirement systems will be required to report on their unfunded pension and retiree health care costs annually under legislation signed by Michigan Gov. Rick Snyder.

Nebraska Gov. Pete Ricketts will deliver his State of the State address Thursday, which will focus on the release of a new two-year budget and his plan to deal with a $276 million deficit in the current budget.

Indiana’s Gov.-elect Eric Holcomb is eyeing the state’s existing $500 million Next Generation Trust Fund -- set up years ago from proceeds of the Indiana Toll Road Lease – to fund investments in entrepreneurship and to support early-stage and mid-size Indiana companies.

Ohio will take competitive bids on $350 million of general obligation bonds Thursday in a deal to benefit schools.

The University of Michigan heads into the New Year with a triple-A rated $450 million general revenue bond deal.

Former Michigan state representative Al Pscholka, who chaired the House Appropriations Committee and sponsored the state's controversial emergency manager law, will take over the state budget director's position in mid-February.

Detroit still faces an unexpected gap in pensions and the absence of a long-term economic plan that leaves the city vulnerable to setbacks.

Michigan-based Trinity Health Credit Group will take some unpleasant rating news into its pricing of $340 million of new-money and refunding bonds, after a downgrade that still leaves the system at the AA-minus level.

Michigan's budget director, John Roberts, is leaving in February to join Blue Cross Blue Shield of Michigan.

A new revenue forecast for Indiana says the state will collect about $300 million less in general fund revenues than had previously been anticipated next year, though the projection for the following two years is up $1 billion.