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Michigan
Southeast Michigan transit tax plan won't make the ballot
The measure was the latest in a series of proposals that have been shot down because of divisions between county leaders.
Michigan State University takes second rating hit ahead of bond sale
MSU plans to issue roughly $784 million of bonds, $450 million of which will be used to cover settlement costs from the sexual abuse scandal involving Larry Nassar.
Detroit schools face mounting repair costs with limited funding options
Barring legislative intervention, the district can't issue debt to cover the $500 million in repair costs.
Michigan county gearing up for fight with top corporate taxpayer
DTE Electric Co. is seeking a $537 million reduction in its taxable value, possibly threatening the county's credit rating.
How infrastructure councils will help Michigan prioritize projects
Michigan needs to spend $4 billion more each year for upkeep of the state's transportation, water and communications infrastructure.
School district's exit means no Michigan locals are under emergency management
The release of Highland Park School District in Wayne County marks the first time since 2000 that no local entity is in the oversight program.
Muni market won't shy away from bonds for sex abuse settlement
Michigan State University's credit fundamentals will be the deciding factor when it sells bonds to fund the settlement, say market observers.
How a bond market return would seal Detroit's comeback
The junk-rated city is eyeing a return to market without a state backstop, but there is no timeline.
Michigan State University will increase debt load to fund abuse settlement
The $500 million settlement with 330 sex-abuse victims must still be approved by a judge.
McLaren healthcare deal will permanently fund health plan purchase
McLaren will also sell some tax-exempt debt to refinance floating-rate notes.
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