Michigan

The University of Michigan follows Michigan State this month in joining the club of universities offering 100-year bond maturities.

Income taxes — despite losses due to remote work — and internet gambling revenue are on the rise, giving the Motor City's general fund a boost.

A Michigan House Republican plan would direct $1.15 billion of grants to local municipal pensions that agree to abide by certain conditions.

Municipal bond issuance in the Midwest reversed course last year, falling by 7.4% to $77.5 billion.

Michigan State, supported by a better bond rating outlook, will join the small club of higher education institutions using a 100-year taxable bond structure.

A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.

Michigan Gov. Gretchen Whitmer's proposed budget provides mostly one-time spending hikes, makes a modest deposit into the rainy day fund, and offers targeted tax relief.

The two Michigan-based systems completed their merger amid stepped-up federal anti-trust scrutiny but have not yet announced any changes to their existing debt portfolios.

Michigan's Democratic governor joined the legislature's Republican majorities in proposing tax relief but they have different ideas about how to do it.

Craig Kahler, a public finance banker who specialized in school financings and served as head of his local school board, died after a month-long battle with COVID-19.

Michigan's flagship public university's enjoys a healthy and diverse balance sheet but the scandal's taint poses other challenges.

Revenue projections are higher but the good news comes with a warning that the state must proceed cautiously when spending one-time infusions of cash.

The university is planning to sell $500 million of taxable 100-year bonds in the first quarter of 2022.

Robert "Bob" Thrun, who died this month aged 90, expanded the Thrun Law Firm's role in Michigan public finance law.

Michigan expects to receive at least $10 billion from the federal infrastructure package that will give a boost to the state's Michigan Clean Water and Rebuilding Michigan programs.

Michigan issued debt in June to cover its portion of the settlement approved by a federal judge Wednesday.

Even with a balanced fiscal 2022 budget in place, Michigan still has billions in federal aid and additional state funds to spend at a later date.

A merger of Beaumont Health and Spectrum Health would form the largest system in Michigan with 22 hospitals and $12 billion of revenue.

Detroit revised its revenue estimates upward this week as more revenue flows from the reopening of casinos and new internet gambling options.

Other post-employment liabilities are more material problems for one in ten state and local governments, according to Moody's Investors Service.