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Midwest
Facing similar obstacles, California righted ship while Illinois veered off course
Pushing off painful decisions tanked Illinois' ratings while California reaped spread and rating benefits from better choices.
Financial plan's approval marks milestone for post-bankruptcy Detroit
The action set the stage for the city’s exit from direct state supervision later this month.
SSM Healthcare deal wraps newly acquired health systems into debt portfolio
The deal absorbs the debt of newly acquired systems, and SSM says it will "materially" lower interest.
Illinois RTA readying $300 million in borrowing for cash flow and capital
Illinois remains delinquent on transit aid payments, highlighting the need for RTA's working cash authorization.
Fort Madison bond vote recount planned
Ballots cast on the Fort Madison School District's $30 million bond referendum earlier this month will be recounted.
Why no one can predict the Supreme Court's ruling on online sales taxes
The case involves as much as $100 billion in state and local sales tax revenue over the next decade, according the e-commerce retailers that are defendants in the lawsuit.
Public safety pension funds may flood Illinois with intercept requests
Local government public safety pension funds are armed with new funding enforcement mechanism.
City buys school bonds in deal that quietly settles a multimillion-dollar 'dispute'
The mayor's financial team is using the $10 million loan to settle a $6.6 million "dispute" with the school district.
University of Dayton using forward delivery to refund bonds
The university plans to price $118 million of new money and refunding bonds this week, and to close the refunding deal in September.
Challenges remain after Flint's exit from Michigan oversight
Flint's pension liabilities are underfunded, its OPEB liabilities are not funded at all, and it faces a looming infrastructure bill.
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