Michigan

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.

Pending legislation seeks to block governor’s $3.5B bond-funded road fix.

Moody's Investors Service revised the outlook on Hurley Medical Center's Ba1 rating to positive from stable ahead of a $52 million sale.

Moody's Investors Service revised its outlook on Detroit's general obligation bonds to positive from stable and affirmed its junk Ba3 rating.

Covenant's issuing tax-exempt debt to retire some variable-rate, term loan bank debt and taxable bonds to fund construction of a rehabilitation facility.

Taxable refundings caught on in the Midwest as they did elsewhere in the nation, helping the region post a 19% volume gain.

Michigan state officials say low interest rates make a compelling case for issuing bonds to fix roads.

Two veteran Chicago-based public finance attorneys — Lance Tyson and Glenn Weinstein — are joining Miller Canfield's team.

The state would issue the state trunkline fund bonds over the next four years to add and expand 122 major new projects.