Midwest

The Republican-controlled Michigan House of Representative voted down legislation to roll back the state’s income tax legislation.

Chicago-based Daniel A. Noyes & Co. has added three institutional sales professionals to its fixed-income team in Indianapolis, a move the firm believes cements its expansion into municipals.

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

The Chicago Board of Education approved an amended $5.4 billion fiscal 2017 budget that trims spending to plug about half of a $215 million budget gap created by a gubernatorial veto.

A plan that would raise taxes to fund Indianapolis Public Transportation Corporation’s expansion of bus services throughout Indianapolis is headed to the Marion County City-County Council for a vote Monday.

Mayors and the Illinois Municipal League will press state lawmakers this year to pass legislation merging some public safety pension fund functions and guaranteeing the flow of various revenue streams without a state budget in place.

Detroit Mayor Mike Duggan says the city is on track to exit state fiscal oversight by 2018 after a third straight year of balancing its books.

The Chicago region's Regional Transportation Authority is well short of the funds it needs to address an estimated $37.7 billion 10-year tab for maintenance and capital investments.

Illinois legislation to establish a new borrowing program for home rule governments may look good on the surface, but won’t necessarily protect investors against a borrower’s general creditworthiness, according to Municipal Market Analytics

The general obligation limited tax bonds of 32 local governments in Michigan were upgraded one notch on the back of a ratings methodology change by Moody’s Investors Service.