Nora Colomer

Detroit Public Schools got some positive news on Wednesday by way of nearly $50 million of emergency funding that cleared a House committee Wednesday.

The Indiana Finance Authority plans to issue more than $100 million of state revolving fund bonds that will sell with a green bond designation.

The inaction of local, state, and federal authorities in Flint took center stage during the second congressional hearing on the Flint water crisis.

Voter approval of two property tax millage requests from the junk-rated Pontiac City School District should aid its fiscal recovery efforts by raising fresh funds for capital and relieving pressures on its general fund, Moody’s Investors Service says.

Ohio-based American Municipal Power Inc.’s planned launch of three additional hydroelectric units on the Ohio River in March and April are positive developments for its credit and the municipal electric utilities it serves, according to Moody’s Investor Service.

Michigan Gov. Rick Snyder said he won't resign despite intensifying calls for him to step down.

Wayne County, Mich.’s books are back in the black for the first time in eight years and the county will soon ask to be released from a state consent agreement, county Executive Warren Evans says.

The Northern Indiana Commuter Transportation District is issuing $89.1 million in tax exempt limited obligation revenue bonds to fund the installation of the federally mandated positive train control to its existing rail infrastructure.

Ohio State University hits the market with its first sale under a $1 billion borrowing program that will use an offering statement style in the same vein as corporate shelf registration that will allow it to sell multiple issues with the same documentation.

The retired judge who presided over the city of Detroit’s Chapter 9 bankruptcy case has been called upon to play a key role in the restructuring of Detroit Public Schools.

Additional spending being proposed for Flint, Detroit schools, and transportation could end up devouring the Michigan revenue growth expected in its fiscal 2017 budget, according to Moody's Investors Service.

Detroit City Mayor Mike Duggan warned that the city faces significant underfunding of its pension liabilities and hinted at a lawsuit against the team that led the city through its bankruptcy exit.

Michigan lawmakers on Tuesday approved a $30 million Flint relief bill that brings the total emergency funding dedicated by the state to the city’s water crisis to $70 million.

Wayne County, Michigan’s outlook is now stable, according to Moody’s Investors Service, which revised the outlook on its junk-level rating upward from negative.

Moody's Investors Service slashed Ohio-based Cardinal Local School District's rating down to junk grade following the district's default on a December 2015 bond payment.

North Dakota lost its Standard & Poor's triple-A rating because of the impact of oil price volatility on the state's economy.

Ohio plans to price $288 million of high-grade general obligation bonds next week.

Michigan based Hope Academy had $8.6 million of public school academy limited obligation revenue bonds downgraded into deeper junk territory by Fitch Ratings on Wednesday.

The Flint water contamination crisis and Detroit’s public school restructuring took center stage Wednesday as Michigan Gov. Rick Snyder unveiled his fiscal 2017 budget.

Cleveland expects $17 million in savings on its $151 million refunding issue for Cleveland Hopkins International Airport this week.