Michigan

The action set the stage for the city’s exit from direct state supervision later this month.

Flint's pension liabilities are underfunded, its OPEB liabilities are not funded at all, and it faces a looming infrastructure bill.

The launch of the new website came shortly after a second upgrade to investment grade.

Michigan State University is seeing the first credit fallout from the sexual abuse scandal involving former university and Olympic gymnastics doctor Larry Nassar.

Lenawee County's hospital finance authority board voted Thursday to support ProMedica selling up to $50 million in bonds for the new hospital to be built north of Adrian.

Detroit's affordable housing plan would give developers access to private activity bonds associated with Michigan’s 4% tax credit program.

Debt is being issued to refund the Karegnondi Water Authority's 2016 bonds and fund remaining pipeline construction costs.

Wayne County and Detroit officials hope a new, $5.4 billion, 20-year transit plan makes it to the November ballot.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

Detroit's plan to pay off some bankruptcy-related debt early should save $11.7 million.

Brodie Killian will be lead banker for school district, community college, and local government clients in Michigan.

Wayne County plans to cover costs tied to new jail project with unused bond proceeds, new bond funding and general revenue funds.

A trade war would bring risks for states that do major business with Canada and Mexico, Fitch Ratings said after a seventh round of talks ended with no resolution.

The state of the public school district is vital to encourage young families to move back into the city, he said.

Michigan's cumbersome process to enact local option taxes still offers cities a revenue option, a report says.

The insurer wants more time to develop land it received as part of the city's bankruptcy exit.

Issuers in the Midwest sold $82.98 billion of debt last year, a 5% drop from 2016.

A plan that passed the state House would divvy up $175 million among state and local governments.

Detroit wants to use $55 million in surplus cash to retire debt issued in 2014 as part of the city’s exit from Chapter 9 bankruptcy.

Saugatuck Public Schools is asking the community to approve a $50.7 million bond and a renewal of the district's .5 mill sinking fund in the May 8 election.