Ohio

Ohio’s $7.8 billion budget is awaiting action by Gov. John Kasich after legislative passage last week.

The Cuyahoga County Council signed off on a resolution paving the way for a $140 million bond issue to help cover $280 million of upgrades to the Quicken Loans Arena.

Columbus, Ohio-headquartered Huntington Capital Markets has hired public finance veteran Richard Hatton to head its public finance operation in Cincinnati.

Cleveland-based MetroHealth wants to persuade Cuyahoga County to allow it to substitute a liquidity agreement for a debt service reserve fund on forthcoming bond deals.

Despite pressure to slow down the approval process, the Cuyahoga City Council plans to vote March 28 on a $140 million debt issue to finance renovations to the Quicken Loans Arena.

Ohio-based ProMedica Health System’s shaky fiscal 2016 results drove a one-notch downgrade by Moody’s Investors Service.

TriHealth, one of the largest not-for-profit hospital systems in the Cincinnati area, is making its debut in the bond market Tuesday with its first public offering in a $300 million sale.

Ohio’s Water Development Authority will sell $400 million of high-grade paper to fund a loan program on Tuesday.

The popularity of the National Basketball Association’s champion Cleveland Cavaliers may not extend to Cuyahoga County’s proposal to sell $140 million of bonds to update the team’s 22-year-old arena.

Cuyahoga County, Ohio-based MetroHealth System was placed on Credit Watch with negative implications by S&P Global Ratings.

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.

Canton, Ohio, was slapped with a two-notch downgrade over its ongoing budget struggles.

Ohio-based public utility, Dayton Power and Light, plans to shift its business away from coal-fired generation and modernize its grid under an electric security plan that may represent a credit positive.

Ohio Gov. John Kasich is looking to reduce the state’s reliance on income tax revenue by raising the taxes on cigarettes, beer and wine, gas drilling and raising and expanding the sales tax.

A new tool to help Ohio cities and counties gauge their fiscal health found that 16 cities and one county meet the threshold for having high fiscal stress.

Ohio will take competitive bids on $350 million of general obligation bonds Thursday in a deal to benefit schools.

Healthcare and education finance will be key areas of growth as Huntington Capital Markets looks to expand its public finance footprint in Ohio, Chicago and Wisconsin.

The Quicken Loans Arena – home of the National Basketball Association’s Cleveland Cavaliers – will receive a partially bond-financed $140 million makeover.

East Cleveland Mayor Gary Norton Jr. and City Council President Thomas Wheeler have been recalled from their positions in a special election as the city plunges into insolvency.

Akron, Ohio-based Summa Health plans to price a $345 million deal this week that includes a refunding, conversion of variable rate debt to fixed rate, and new money to partially fund the health system’s expansion.