Minnesota

Moody's Investors Service dropped Steele County, Minn.’s general obligation rating by four levels due the strain of enterprise systems and a senior living facility on its balance sheet.

Moody's Investors Service has upgraded Polk County, Minn.'s rating to Aa2 from Aa3 thanks to its healthy reserves and growing tax base.

Three Minnesota cities disclosed this month that they can redeem Build America Bonds because their federal subsidy payments have been reduced due to sequestration.

The Minnesota Senate passed legislation banning state taxpayer aid for a proposed $120 million open-air Major League soccer stadium in Minneapolis.

Minnesota lawmakers should use the state's budget surplus for education and other services and approve new borrowing for transportation and infrastructure to make a lasting imprint on the state landscape, Gov. Mark Dayton urged in his state of the state address.

Minnesota Gov. Mark Dayton unveiled an $842 million bond-financed capital budget, promoting it as a means to create thousands of jobs while improving the state's infrastructure and economy.

Moody’s Investors Service placed Steele County, Minn.’s ratings on review for a possible downgrade as several enterprise fund commitments strain its books.

Minnesota Republicans on Monday proposed a $7 billion, 10-year plan to fund transportation work without a tax hike.

Minnesota's latest revenue forecast added another $800 million to a projected surplus, more than doubling the extra revenue expected in the next biennium.

Municipal bond borrowing by Midwestern issuers picked up steam last year, rising by 6.9% to $63.5 billion as issuers loosened the reins a bit on new money borrowing and refundings recorded double-digit gains thanks to favorable interest rates.

Minnesota Gov. Mark Dayton unveiled projects in line for funding if lawmakers approve his plan to bolster transportation spending by billions in the coming years through tax and fee hikes and borrowing.

The Board of Trustees for the Minnesota State Colleges and Universities system takes competitive bids Wednesday on $78 million of new money and refunding bonds.

Minnesota-based Northland Securities has hired veteran Twin Cities-based sales manager Mike Harlander to head up its fixed income capital markets sales group as part of a growth effort.

One day after unveiling a 10-year, $11 billion transportation plan, Minnesota Gov. Mark Dayton laid out the second major piece of his legislative agenda Tuesday in announcing a $42 billion two-year budget that taps the state's $1 billion surplus to raise education spending.

Edina, Minnesota voters will decide the school district's request for $125 million in borrowing authorization when they vote on May 5 ballot.

Minnesota would impose a tax on wholesale sales of gasoline to help generate at least $800 million in new revenue annually for transportation projects under a proposal unveiled by Senate majority leaders.

The Minnesota Orchestral Association's low investment grade credit has stabilized as the organization recovers from its past lockout, Standard & Poor's said.

Minnesota Gov. Mark Dayton tapped his Department of Revenue Commissioner Myron Frans to replace Jim Schowalter in the state's top fiscal post at Minnesota Management and Budget, which oversees debt management.

Moody's Investors Service has revised its outlook on Central Minnesota Municipal Power Agency's A3 rating to positive from stable as the agency makes progress on a high voltage transmission line project and its members have seen improved credit quality.

Buoyed by income tax revenue growth and reduced healthcare spending, Minnesota is on track to enjoy a more than $1 billion surplus, state fiscal officials said Thursday.