Nora Colomer

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.

Healthcare and education finance will be key areas of growth as Huntington Capital Markets looks to expand its public finance footprint in Ohio, Chicago and Wisconsin.

The Quicken Loans Arena – home of the National Basketball Association’s Cleveland Cavaliers – will receive a partially bond-financed $140 million makeover.

The Michigan Department of Education said the the number of school districts reporting a deficit was down 30%.

A Michigan infrastructure trade group has launched a campaign to help residents and lawmakers understand the scale of state underfunding for roads and transportation.

East Cleveland Mayor Gary Norton Jr. and City Council President Thomas Wheeler have been recalled from their positions in a special election as the city plunges into insolvency.

Akron, Ohio-based Summa Health plans to price a $345 million deal this week that includes a refunding, conversion of variable rate debt to fixed rate, and new money to partially fund the health system’s expansion.

MetroHealth in Cuyahoga County, Ohio is eyeing more than $1 billion of borrowing to finance a plan to transform its current campus.

A Michigan House committee will resume hearings on a plan to limit retirement healthcare benefits for municipal workers in the New Year.

Michigan needs to spend an extra $4 billion annually to create 21st century transportation, water, wastewater, and communications infrastructure systems, according to a commission formed by Gov. Rick Snyder.

The Michigan House on Thursday began hearings on a plan introduced by House Republicans to limit retirement healthcare benefits for police officers, firefighters and other government workers in cash-strapped municipalities across the state.