Nora Colomer

Michigan’s struggling cities won’t be able to reverse their declining fiscal health if they continue to depend on the state’s faulty revenue sharing system, the Michigan Municipal League said in a report.

Wayne County, Mich. County Executive Warren Evans has said he intends to make the bid to end the county’s emergency consent agreement by the end of 2016.

Michigan’s Republican legislative leaders and Gov. Rick Snyder have settled on a budget framework that cuts funding for a proposed state water infrastructure fund to offset dwindling tax revenue while leaving intact $165 million in proposed aid for Flint.

Smaller Ohio governments would enjoy easier bond market access at lower costs through a state bond bank, say supporters of legislation that is advancing in the state legislature.

Bridgeport-Spaulding Community School District and New Haven Community Schools have manageable fiscal stress and will not require emergency management.

Michigan Gov. Rick Snyder’s administration and lawmakers will work in the coming weeks to trim $333 million from the 2016 and 2017 budget plans due to a downward revision of revenues expected in the current biennium.

The use of “social impact bonds” as an alternative financing tool is on the rise and news that Chicago’s first venture into the space will pay off for investors demonstrates the benefits, market participants said.

The Indianapolis Airport Authority comes to market as soon as Thursday with a $171 million refunding structured to bring down its debt service costs on the long end.

East Cleveland, Ohio's pursuit of Chapter 9 bankruptcy shouldn't hurt the city's school district, Moody's Investors Service says.

A group of local and national foundations have pledged $125 million to help Flint, Michigan deal with its water contamination crisis.