Michigan

Detroit Public Schools Community District may opt to get its own bond rating or seek private funding if it can’t get help from the state.

Detroit Mayor Mike Duggan will name a permanent replacement for the departing John Hill in the spring.

The nation's No. 2 financial advisory services firm is hiring municipal executives in Ohio and Michigan.

A bill would extend the sunset date of the law allowing local governments to issue pension obligation bonds and OPEB bonds past Dec. 31.

Detroit issued bonds Friday to fund the successful tender offer.

Detroit originally planned to sell $112 million of new money GOs but boosted the deal to $135 million as buyers sought the speculative-grade paper.

Dearborn plans to price $35 million of bonds and Muskegon County plans $45 million.

A junk-rated $112 million deal without state backing will test the market's perceptions of the city's recovery from its Chapter 9 bankruptcy.

Benton Harbor Area Schools' fiscal emergency has ended.

Almost $7.5 billion of municipal bonds head into the marketplace in this holiday-shortened week.

The results stand to influence the municipal market through capital planning and budget actions with potential impacts on ratings and borrowing levels.

State officials say the P3 structure will allow it to complete the Interstate 75 project a decade early.

Detroit will issue $112 million of new money GO bonds and is also considering issuing refunding bonds in December.

In addition to the local bond measures, voters will also decide seven governor's races and a Missouri fuel tax.

The $240 million deal will also contain a mix of bonds subject to the alternative minimum tax with non-AMT bonds.

Only two Michigan school districts remain under state oversight.

Democrat Gretchen Whitmer and Republican Bill Schuette are running for the open seat of Michigan governor.

The placement carries a maturity of up to two years, and a Michigan State spokeswoman said the school will eventually issue long-term bonds.

Illinois-based OSF Healthcare System will refund $470 of debt this week and next.

The Downriver Utility Wastewater Authority will sell $57 million of debt.