Michigan

Midwestern voters head to the polls tomorrow to cast decisions on elected offices, new casinos, and more than 125 ballot questions that would authorize more than $3.3 billion worth of borrowing, led by Detroit Public Schools' $500 million request and $750 million for a new public hospital in Indiana.

CHICAGO — Novi, Mich.-based Trinity Health Credit Group will enter the market today with $233 million of fixed-rate revenue bonds, followed by $102 million of variable-rate securities in two weeks to finance hospital projects in Indiana and Michigan.

Michigan Gov. Jennifer Granholm said this week she has appointed a team to review the finances of River Rouge, a move that could lead to an eventual declaration of a state of fiscal emergency.

CHICAGO — Michigan Gov. Jennifer Granholm said she would sign the six remaining budget bills next week, completing the state’s $40 billion fiscal 2010 budget and ending a tumultuous budget season.

CHICAGO — Detroit city and school officials are promoting a controversial $500 million bond proposal for the cash-strapped Detroit Public Schools as a key to helping rebuild the struggling city.

The Silverdome, the former home of the Detroit Lions, will be sold next month at auction.

Officials are looking at the possible refunding of the bulk of Detroit’s $8.4 billion in debt as one in a series of moves that a recent report said could save the cash-strapped city up to $600 million.

Traverse City last week won a two-notch upgrade on its general obligation debt from Standard & Poor’s to AA-plus from AA-minus.

CHICAGO — Henry Ford Health Systems is expected to enter the market this week with $322 million of new-money and refunding revenue bonds as part of the system’s scaled-back capital campaign to expand its services across southeast Michigan.

CHICAGO - Michigan could partner with private companies to build or operate its highways and bridges to boost badly needed transportation revenue under a bill being considered by the Legislature.

The Detroit Metropolitan Airport plans to install up to 22 gaming machines to lift revenue amid falling flight traffic.