Michigan

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.

Municipal group contends that the state has shortchanged them for years — to tune of more than $2 billion last year alone.

The GOP proposal would slow down the full funding of the closed pension system, using annual savings for roads.

Nonprofit healthcare consolidation continues with two big multi-state deals.

The plan would have the state issue $10 billion of pension obligation bonds to create annual budget savings to fund road repairs.

The Michigan Supreme Court ruled that Macomb County is not contractually bound to provide lifetime healthcare benefits to retirees.

The Detroit Water and Sewerage Department is promising a five-year, $500 million capital program to upgrade water and sewer pipes.

Solicitor General Fadwa Hammoud and special prosecutor Kym Worthy said they will expand the investigation based on new evidence.

McLaren Health Care will use proceeds to fund capital projects including a replacement hospital for McLaren Greater Lansing.

Bond proceeds will help fund construction of a $500 million natural gas-fired combined cycle generating facility.

If approved, the junk-rated city would issue $200 million of new money unlimited tax general obligation bonds in the summer of 2020.