Midwest

Michigan's budget director, John Roberts, is leaving in February to join Blue Cross Blue Shield of Michigan.

The Illinois State Toll Highway Authority heads into the New Year with a $1.7 billion budget that includes $300 million of borrowing to finance projects in the sixth year of its $12 billion, 15-year capital program.

Illinois is losing its budget director, Tim Nuding.

Genesee County, Mich., officials say they don't expect criminal charges against former Flint leaders stemming from the city's participation in the Karegnondi Water Authority pipeline to impact the project or its bonds.

The state-backed restructuring of Detroit’s public school system is a positive development for existing bondholders, says Moody’s Investors Service.

Full repeal of the Affordable Care Act may cut hospital revenue by close to $400 billion over the next 10 years, putting pressure on healthcare bond ratings and state and local budgets.

Hamline University in Minnesota is at risk of losing of its investment grade credit due to balance sheet strains after a downgrade to Baa3.

Missouri Gov.-elect Eric Greitens threw a wrench in financing plans for a $200 million stadium to house a new St. Louis-based Major League Soccer team this week after announcing his opposition to public subsidies for professional teams.

New criminal charges stemming from the Flint, Michigan water contamination crisis accuse two former state-appointed emergency managers and two other ex-city employees with using false and misleading tactics to participate in the bond-financed Karegnondi Water Authority project.

Interstate tolling and higher gas taxes are among state road funding proposals already on the table for 2017.