Michigan

The City Council rejected Mayor Mike Duggan's request for $250 million of bond authority to accelerate the demolition of vacant houses.

The Ann Arbor, Michigan, schools persuaded voters that waiting would be more expensive, while pitching greener buildings in an education-driven community.

Officials of the art museum say the effects of Detroit's bankruptcy have impeded their efforts to build the endowment they had envisioned.

A new academic building for the University of Michigan is to rise on the property where construction of a bond-funded jail was abandoned.

The school is spending money in an effort to boost its image and reverse a decline in enrollment.

Spectrum Health System will consolidate its administrative offices into a central location.

The state avoided a government shutdown, enacting a budget that came with over 100 line item vetoes by the Democratic governor.

The state aid will be especially helpful for cash-strapped municipalities that are already charging customers high water rates, Moody's said.

Raymond James hired Paul Soma as a senior vice president. He will set up a public finance office in Traverse City.

Charter schools' typically modest unrestricted reserves and limited operating margins leave them vulnerable if state aid stops flowing, said S&P Global Ratings.

Michigan Gov. Gretchen Whitmer, a Democrat, called the budgets approved by GOP lawmakers on Tuesday "a mess."

Moody’s Investors Service citied continued operational and performance improvements for the upgrade to Baa1.

Michigan is more vulnerable because of its higher exposure to the auto manufacturer relative to other U.S. states, said Moody's Investors Service.

If the bonds are approved in March, the junk-rated city plans to issue $250 million of new money, unlimited tax general obligation bonds in 2020.

The distric is the legacy entity left to service school bonds after a new district was created to educate Detroit's children.

The budget battle between Republican lawmakers and Gov. Gretchen Whitmer looks no closer to being resolved by the Oct. 1 deadline.

Bloomfield Township it cutting its budget after voters rejected a tax levee that was to help it meet its $161 million in unfunded liabilities.

Municipal bond issuers in the Midwest recorded a healthy year-over-year volume gain, in contrast to flat nationwide numbers.

The state intends to implement a working group that will develop a long-term solution for Benton Harbor Area Schools.

The city manager says Birmingham has no plan B to fund the project.