Minnesota

The merger of two Twin Cities area not-for-profit hospital systems is expected to close June 1.

Minnesota's governor and GOP lawmakers have yet to settle spending differences for a new budget.

Transportation bills now headed to negotiations in the state Capitol include increases in funding, but members of the Area Transportation Partnership for Southwest Minnesota are not optimistic that the region's needs will be met.

Minnesota’s Republican leaders laid out their cards on transportation spending this week, but they remain in conflict with Gov. Mark Dayton’s proposal.

Minnesota Gov. Mark Dayton announced a supplemental budget that adds about $150 million in new spending – including $100 million for early childhood education -- to his proposed $46 billion two-year budget.

St. Paul, Minn.’s new investor relations website is making its debut in tandem with a competitive sale of $43 million of general obligation and revenue-backed green bonds set for Wednesday.

Minnesota Gov. Mark Dayton and lawmakers got the good news Tuesday in a fresh revenue forecast that adds $250 million to the state’s more than billion dollar surplus.

Issuers in the Midwest sold $87.2 billion of municipal bonds in 2016, a 23.4% year-over-year increase that was the biggest of any region.

In a rare show of unity, the Minnesota legislature and Gov. Mark Dayton agreed to spend $310 million to subsidize rising healthcare premiums, even as disputes over how to use a billion-dollar surplus in the next state budget lay ahead.

Minnesota Gov. Mark Dayton offered up on Wednesday a $1.5 billion bond-financed capital package billed as a job creator.

Michigan's budget director, John Roberts, is leaving in February to join Blue Cross Blue Shield of Michigan.

Hamline University in Minnesota is at risk of losing of its investment grade credit due to balance sheet strains after a downgrade to Baa3.

Minneapolis-based investment bank Dougherty & Co. LLC will extend its trading and sales reach with the acquisition of fellow Minneapolis-based municipal broker-dealer Cronin & Co. Inc.

Minnesota expects to close out its fiscal biennium June 30 with a $678 million balance, leaving the state $1.4 billion in surplus revenue available for the next two-year budget.

Joining the crowd of borrowers, the Minneapolis-St. Paul Metropolitan Airports Commission plans a $438 million deal next week, marking its first new money sale in four years.

Midwestern voters delivered mixed results on transportation proposals Tuesday while picking new governors and settling legislative races that stand to impact fiscal decisions in Illinois and Minnesota.

A bill introduced in the House would make municipal bonds issued by historically black colleges and universities tax-exempt at the federal, state and local levels.

The Internal Revenue Service’s proposed definition of a political subdivision could jeopardize the tax-exempt bonds of many public entities in Minnesota, the state’s congressional delegation recently told the agency and the Treasury Department.

Minnesota highway officials say road conditions will worsen without solution to growing revenue gap.

The issuers of the Midwest sold $41 billion of municipal bonds in the first half of 2016, spurred by increased new money issuance, according to Thomson Reuters data.