Michigan

Holders of $5.2 billion of Detroit water and sewer bonds are again playing a key role as the city attempts to execute its last big bargain struck during its bankruptcy.

Holders of $5.2 billion of Detroit water and sewer bonds will have a say in whether a new regional authority will take over the long-troubled Detroit Water and Sewerage Department.

Wayne County, Mich. introduced discussion of how its debt might fare in a bankruptcy as it prepared to come to market with $187 million of notes.

Wayne County, Mich. has reached a settlement with a chunk of its retirees that will save the junk-rated government around $20 million a year.

Local governments in Michigan get a break in the state's new $54 billion budget, which holds steady on revenue aid after years of deep cuts.

The Wayne County, Mich. board Thursday rejected a proposal to cover a court-ordered pension payment with a special property tax levy, voting instead to dip into a delinquent revolving tax fund.

Michigan lawmakers have approved a bill to fix an election snafu in Flint that wiped off every mayoral candidate off the primary ballot.

Five years ago Michigan’s retirement systems attached their guarantee to a troubled bond deal, and being forced to cover payments, lawmakers will bail out the pension funds with general fund money.

Suzanne Shank, president and CEO of Siebert Brandford Shank & Co. LLC, has been named to a national panel dedicated to boosting private investment in infrastructure.

New Census figures show that people continue to move out of the Motor City, but at a slightly slower rate than in recent years.

The Wayne County board Thursday approved a reorganization plan that is part of the county's attempt to avoid a state takeover.

Michigan lawmakers have an additional $218 million to play with as they craft a new budget, economists said Friday.

Michigan lawmakers are meeting for a rare summer session to try to hammer out a plan to raise new money for roads and bridges after a recent tax referendum went down in flames.

Michigan lawmakers are trying to fix an election snafu that wiped every Flint mayoral candidate off the primary ballot and spurred a write-in candidacy on behalf of a pig named Giggles.

Struggling cities like Chicago need to embark on serious restructuring efforts before it’s too late and mounting retirement debt pushes them toward the fate of Detroit, said some architects of that city’s bankruptcy.

Michigan Gov. Rick Snyder said Wednesday he would meet immediately with lawmakers to seek a legislative solution to raise new road money after voters Tuesday soundly rejected a tax referendum.

After the Detroit Public Schools’ emergency manager warned the district can’t pay off $85 million of state notes by the August due date, a Michigan board has approved a plan to push out the payments up to 15 years.

Michigan Gov. Rick Snyder is making a three-city campaign swing Monday as part of a last-minute bus tour urging voters to approve a controversial sales tax increase on Tuesday’s ballot.

Michigan Gov. Rick Snyder says the Detroit schools can't move forward if burdened by their current "crushing" debt load. To that end, the governor wants to divide the Detroit school district into two entities.

Michigan Gov. Rick Snyder has lifted the four-year long state of emergency over the city of Flint and given the city a $7 million loan to eliminate the final piece of its general fund deficit.