Michigan

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.

With the possibility of Chapter 9 hanging over Detroit Public Schools, investors holding Detroit schools debt may want to consider selling, says Municipal Market Analytics.

The head of Wayne County, Mich., home of Detroit, has unveiled a recovery plan with deep cuts – including wiping out retiree health care – in an effort to avoid bankruptcy.

Former Detroit Emergency Manager Kevyn Orr is returning to Jones Day, the firm he worked at prior to ushering the city through the nation's largest municipal bankruptcy.

Michigan Gov. Rick Snyder signed legislation designed to ease Detroit's first post-bankruptcy appearance in the debt market.

A proposal to relieve Detroit Public Schools of a big chunk of its bond debt could increase education costs statewide, a public policy group warns.

Detroit Public Schools' CFO William Aldridge's departure comes at a critical time for the struggling district.

Michigan Gov. Rick Snyder has appointed two successor emergency managers to a pair of suburban Detroit school districts under state control.

The Michigan Legislature has passed a bill giving Detroit bondholders a statutory lien and intercept on its income-tax bonds, a measure aimed at easing the city's first public market sale since the end of its high-profile bankruptcy.

Two years after defaulting on a bond payment, the school district of Pontiac, Mich. has stabilized under state oversight but could go broke by July without additional aid, according to Moody's Investors Service.

The head of Wayne County, Mich., which is on track to run out of cash by next year, announced a series of cuts that mark the first phase of a larger restructuring aimed at staving off a state takeover.