Michigan

Municipal retirement systems will be required to report on their unfunded pension and retiree health care costs annually under legislation signed by Michigan Gov. Rick Snyder.

The University of Michigan heads into the New Year with a triple-A rated $450 million general revenue bond deal.

Former Michigan state representative Al Pscholka, who chaired the House Appropriations Committee and sponsored the state's controversial emergency manager law, will take over the state budget director's position in mid-February.

Detroit still faces an unexpected gap in pensions and the absence of a long-term economic plan that leaves the city vulnerable to setbacks.

Michigan-based Trinity Health Credit Group will take some unpleasant rating news into its pricing of $340 million of new-money and refunding bonds, after a downgrade that still leaves the system at the AA-minus level.

Genesee County, Mich., officials say they don't expect criminal charges against former Flint leaders stemming from the city's participation in the Karegnondi Water Authority pipeline to impact the project or its bonds.

The state-backed restructuring of Detroit’s public school system is a positive development for existing bondholders, says Moody’s Investors Service.

New criminal charges stemming from the Flint, Michigan water contamination crisis accuse two former state-appointed emergency managers and two other ex-city employees with using false and misleading tactics to participate in the bond-financed Karegnondi Water Authority project.

The Michigan Department of Education said the the number of school districts reporting a deficit was down 30%.

Flint, Mich., and other cities with contaminated water supplies would get $170 million of federal aid under a water bill and continuing resolution passed by the House on Thursday.

A Michigan infrastructure trade group has launched a campaign to help residents and lawmakers understand the scale of state underfunding for roads and transportation.

A Michigan House committee will resume hearings on a plan to limit retirement healthcare benefits for municipal workers in the New Year.

A proposed continuing resolution that would fund federal programs and services through April 28, 2017, and a long-awaited bipartisan water bill would provide about $170 million For Flint, Mich., and other water infrastructure health initiatives.

Michigan needs to spend an extra $4 billion annually to create 21st century transportation, water, wastewater, and communications infrastructure systems, according to a commission formed by Gov. Rick Snyder.

The Michigan House on Thursday began hearings on a plan introduced by House Republicans to limit retirement healthcare benefits for police officers, firefighters and other government workers in cash-strapped municipalities across the state.

The Michigan Senate advanced a series of bills designed to offer financial aid to “transformational” development projects.

Detroit officials say savings from a bond refinancing will cover the $34 million cost of adapting the design of a halfway-finished pro hockey arena to include the region's pro basketball franchise.

The Michigan Finance Authority’s successful restructuring of $226.3 million of Detroit Public Schools bonds helped the district earn a two notch ratings upgrade from Moody’s Investors Service.

Wayne County, Mich., got the green light to complete construction of a new downtown Detroit county jail, which will require $200 million of bond funding.

Highland Park, Michigan says it shouldn’t be on the hook to repay $30 million to the Great Lakes Water Authority, saying they stem from overcharges related in part to a bond sale and forward swap losses.