Midwest

Michigan is bringing $855 million of state trunk line fund bonds to market Tuesday for road and bridge projects.

Detroit Mayor Mike Duggan warns the revisions threaten the city's post-bankruptcy fiscal progress, but the charter commission calls the claim greatly exaggerated.

J.B. Pritzker signed legislation to move the Chicago Board of Education to an elected 21-member board from the seven-member panel now appointed by the mayor.

The district hopes to win back investment grade ratings by raising fund balances, a task that becomes harder after federal coronavirus relief is exhausted.

The hiring of an underwriter moves the city closer to a debt restructuring that is called for in a legal agreement with holders of defaulted bonds.

Federal relief and rising revenues drew a change in outlook from Moody's to stable from negative, but Moody's remains the only agency to rate Chicago at junk.

Michael Pagano, a "dean" of government finance with a national reputation, will hand the mantle as director of the university's Government Finance Research Center next month to Deborah Carroll.

FirstEnergy will pay $230 million under a deferred prosecution agreement with federal authorities in the alleged pay-to-play that benefitted its former subsidiary FirstEnergy Solutions.

The Great Lakes Senior Living Communities is working with holders of its $380 million of debt to raise funds for needed capital expenses

SWS Capital Management, which manages the Clear Vision Impact Fund, has hired a Detroit-based analyst/investor.