Nora Colomer

North Dakota will tap the state's the state's $572 million budget reserve to the tune of $497 million to help cover a $1 billion shortfall in revenue due to a drop in oil crude prices. The state also intends to implement across-the-board budget cuts.

Gov. Rick Snyder's restructuring plan for Detroit's public school district faces concern that fiscal help may come at the expense of other school districts.

Fiscally distressed Wayne County, Mich., expects $23 million in fiscal 2016 budget relief from cuts in retiree healthcare benefits that trimmed $850 million from its unfunded liabilities.

Hearings begin Thursday on Michigan legislation that paves the way for Gov. Rick Snyder’s restructuring plan for the debt-laden Detroit Public Schools.

Indiana’s Purdue University officials believe its newly minted second AAA rating will spell savings on its upcoming bond sale.