Nora Colomer

Carmel, Ind., is prepping a $224 million sale that would mark the first issue of bonds by the city’s recently established bond bank.

Michigan municipalities may need to more than double investment in water infrastructure to avoid crises like the disaster in Flint, a report commissioned by the Michigan Infrastructure & Transportation Association showed.

Michigan lawmakers return to work this week facing a new wrinkle in the proposed restructuring of the fiscally distressed Detroit Public Schools that stands to shape governance issues.

The Indiana Finance Authority’s $250 million 2014 private activity bond issue for the I-69 Section 5 project received a one-notch Fitch Ratings downgrade to BBB-minus.

Ohio is highlighting the strong, multi-layered backing of its highway bonds as it prepares to sell $231 million to pay for highway capital improvements.

Wayne County, Mich. closed out fiscal 2015 with a $5.7 million surplus, reversing a prior trend of deficits that led to state oversight, according to its audited financial reports.

The time may be ripe to rethink Michigan’s emergency management law after the Flint and Detroit Public Schools crises exposed flaws that critics say highlight how the law can fail citizens and ultimately hurt the state’s credit.

A state oversight board is restoring some executive powers to Pontiac, Mich., moving the city closer to independence after seven years of state control.

The Detroit Public Schools’ recent emergency funding package signals the state government’s commitment to help solve the district’s severe financial distress, Moody’s Investors Service said.

The outlook on North Dakota's issuer credit rating was lowered to negative, as Moody's Investors Service took note of economic and budget struggles triggered by falling crude oil prices.

Allen Park, Mich.'s junk-rated debt's outlook was revised to positive by Standard & Poor's.

Michigan’s emergency manager system for financially distressed local governments came under fire from a task force the state governor appointed to investigate the Flint water contamination crisis.

Michigan lawmakers gave final approval to nearly $50 million of emergency cash needed to keep Detroit Public Schools open through the end of the current school year.

Indiana Governor Mike Pence signed into law $1 billion in new road and bridge funding for the next two years.

A massive restructuring of Detroit Public Schools to help the district avert bankruptcy cleared the Michigan Senate Tuesday.

Severe declines in oil and gas prices that have damaged the economy Williston, N.D. led Moody’s Investors Service to downgrade the Bakken Shale city to speculative grade.

Michigan is prepping its first general obligation bond issue of 2016 amid growing uncertainty about the long-term impacts on the state’s credit from Flint’s water contamination crisis and the financial plight of the Detroit Public Schools.

Ohio is issuing $80 million of capital facilities lease-appropriation bonds to fund parks and recreation improvement projects.

A bill to provide nearly $50 million in state funding to keep Detroit Public Schools open until the end of the school year is headed to the state Senate after clearing the House Thursday.

Michigan Gov. Rick Snyder believes the $232 million he’s asked of state lawmakers will be enough to deal with the Flint water crisis, but rating agency Standard & Poor’s showed doubts, removing the state’s positive rating outlook.