Michigan

An uptick in new money borrowing fell far short of making up for a decline in refundings.

Mayor Mike Duggan dodged what he considered a $2 billion fiscal bullet in the form of charter revisions as he heads to a November run-off seeking a third term

The Michigan Supreme Court sided mostly with the state in a dispute over whether it was meeting local funding obligations under the Headlee Amendment.

Michigan is bringing $855 million of state trunk line fund bonds to market Tuesday for road and bridge projects.

Detroit Mayor Mike Duggan warns the revisions threaten the city's post-bankruptcy fiscal progress, but the charter commission calls the claim greatly exaggerated.

The Great Lakes Senior Living Communities is working with holders of its $380 million of debt to raise funds for needed capital expenses

SWS Capital Management, which manages the Clear Vision Impact Fund, has hired a Detroit-based analyst/investor.

Moody's Investors Service upgraded the county — home to Detroit — A3 from Baa1 while also elevating its rating outlook to positive.

The state's court is weighing whether to allow a public vote on proposed charter revisions that Mayor Mike Duggan warns could trigger a fiscal crisis.

Michigan's fiscal recovery led S&P Global Ratings to lift its rating outlook to stable from negative. Fitch boosted its outlook to positive earlier this month.

The city's fiscal health is holding steady but pension funding strains and possible charter changes pose future threats.

The U.S. Supreme Court's upholding Obamacare removes one potential headache for a healthcare sector still recovering from the COVID-19 pandemic's wounds

Court approval for the settlement that resolves claims against the state for its role in the poisoning of Flint residents looms this summer.

The Wayne County Airport Authority is selling $163 million to finance projects.

Charter revisions that Mayor Mike Duggan says could bankrupt the city will remain on the ballot at least for now as the state's high court considers the case.

The Detroit Charter Review Commission will appeal the Circuit Court decision about proposed changes Mayor Mike Duggan warns threaten the city's fiscal health.

The Detroit Financial Review Commission votes in June on a fourth one-year waiver that allows the city to manage its finances independently.

Michigan officials raised revenue estimates by $2 billion this year and $1.5 billion in fiscal 2022 as the state economy beats early pandemic expectations.

Daniel Isacksen Jr. replaces the retiring interim chief financial officer, Cynthia Clemence, for the Livonia, Michigan-based hospital system.

Mayor Mike Duggan and Michigan's governor, Gretchen Whitmer, have raised alarms over the impact of changes proposed by the Detroit Charter Review Commission.