Michigan

The proposed combination of the major not-for-profit healthcare players in Illinois, Michigan, and Wisconsin encountered opposition in Michigan.

Michigan avoided deep cuts for fiscal 2021 but is still lobbying for federal relief to make up for coronavirus-driven tax losses as a fiscal 2022 gap looms.

Diverse issuers from NYC to Texas to Chicago to Michigan to PA Turnpikes priced billions into the primary while the secondary again took a back seat.

Michigan now pegs its three year coronavirus-related revenue losses at $5 billion but cautions that much remains unknown heading into 2021.

This week's $800 million deal is the first of $3.5 billion to be sold by the end of 2023 allowing Michigan to beef up its road and bridge infrastructure.

A preliminary settlement would resolve claims against Michigan by Flint residents over the city's 2014 lead-in-water contamination crisis.

The authority's issue will also provide new money to help finance renovations at the state's historic capitol building in Lansing.

Huntington says the Michigan team that came over from Hilltop has experience covering local school districts and governments as well as the state.

The Detroit City Council agreed to put Mayor Mike Duggan's revised $250 milliot bond proposal on the November ballot after nixing his original plan last year.

S&P moved Michigan's outlook to negative this week. Fitch recently affirmed the state's stable outlook.

Moody's Investors Service and S&P moved their outlook the Detroit-based university's ratings to negative as the Michigan state school prepares to sell bonds.

The deficits for the next two fiscal years remain unaddressed.

The new system would hold a commanding presence in Illinois, Michigan and Wisconsin with $17 billion of revenues and 100,000 employees.

Flagship schools in Michigan, Ohio and Iowa made multiple coronavirus-related disclosures in their offering documents.

The collapse of the mergers comes as the not-for-profit healthcare sector confronts direct and indirect challenges drive by COVID-19.

The state is facing an immediate $3.2 billion budget hole for the current fiscal year, with revenue estimates cut more than $5 billion for the next two.

Their governors are pressing the Trump administration to support more relief that directly addresses revenue blows

The city faces the loss of $348 million of revenue because of the economic shutdown, threatening the balanced budgets it needs to avoid state intervention.

The city is projecting a $100 million deficit in its current budget once the public health crisis caused by COVID-19 eases, Mayor Mike Duggan said.

GLWA has the flexibility to come to market as early as this week, but is monitoring the market in light of the COVID-19 impact.