Midwest

The city of Grand Rapids is embarking on an ambitious plan to install a $20 million LED streetlight system that eventually could monitor water meters and collect data about activity on the street.

The Municipal Stability Board gave more than 100 local governments until November to come up with a plan for their underfunded retirement plans.

The rating agency said its new criteria only support a rating two notches higher than the state's BBB.

Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.

The tax plan supports $250 million in bond financing by authorizing the capture of roughly $18.56 million of principal and interest payments annually.

The IRS notice warns that federal law, not state law, controls how payments for federal income tax purposes are characterized.

The investment bank attributed the exit of 15 from the public finance team to market conditions and a strategic review.

Water, wastewater, and securitization deals, and possibly an O'Hare airport sale, are still to come from Chicago this year.

Franklin County will sell $250 million of tax-exempt, local government special tax revenue bonds.

Moody's Investors Service, citing fiscal improvements, upgraded the city to Ba3.