Midwest

Midwestern voters delivered mixed results on transportation proposals Tuesday while picking new governors and settling legislative races that stand to impact fiscal decisions in Illinois and Minnesota.

The Detroit Public Schools Community District will take over the schools currently run by the Educational Achievement Authority, which competes with district for state school funding dollars.

Wayne County, Michigan is asking voters Tuesday for a millage proposal that would raise an additional $385 per student for its 33 school districts.

CHICAGO – The junk-rated Chicago Public Schools will begin tapping $1 billion of Board of Education-approved new money and refunding borrowing authority in a deal expected as soon as next week.

Several Michigan school districts that are asking voters Tuesday for 'sinking fund' millages, local property taxes that fund major repairs and renovations to school buildings, will miss out on the expanded uses of the tax authorized by new legislation.

The Illinois Sports Facilities Authority took a four-notch rating blow because of worries that its state debt service appropriation is at risk due to continued state budget gridlock.

The results Thursday on an Illinois general obligation sale and a Chicago airport revenue-backed deal highlight the market’s diverse sentiments on the city and state’s paper and their respective security features.

The Chicago Board of Education will vote next month to revise its $5.4 billion fiscal 2017 budget to incorporate $55 million of added costs under a four-year labor contract ratified by teachers this week.

Making a big leap west, Missouri-based Gilmore & Bell PC snared an eight-lawyer public finance team from Ballard Spahr LLP’s Salt Lake City office.

Fishers is trying to spread the word of its status as Indiana’s only city with a triple-A rating from S&P Global Ratings in an effort to develop broader investor appeal and further lower its borrowing costs.