Midwest

The Indianapolis Airport Authority has reached a settlement agreement with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds issued in 2006.

Dana Lach has returned to Foley & Lardner’s healthcare finance, public finance and finance and financial institutions practices, the law firm announced on Thursday. She will be working out of the firm’s Milwaukee office.

Minnesota-based HealthEast Care System lost its Fitch Ratings investment grade rating over its lack of progress in improving profitability.

Rating agencies offered modestly positive comments on Chicago's proposal to save its laborers' pension fund from insolvency.

Political discord among Illinois lawmakers and leaders deepened after House Democrats bypassed ongoing bipartisan budget discussions to push through a fiscal 2017 spending plan that Gov. Bruce Rauner said he would veto.

The partisan political in Illinois further deepened Wednesday as the Democratic House Speaker prepared to call a spending plan slammed by Republicans as phony and $7 billion out of whack.

Wayne County, Mich. County Executive Warren Evans has said he intends to make the bid to end the county’s emergency consent agreement by the end of 2016.

Missouri-based public finance law firm Gilmore & Bell PC is bulking up, adding two bond lawyers who primarily focus on school district finance.

Michigan’s Republican legislative leaders and Gov. Rick Snyder have settled on a budget framework that cuts funding for a proposed state water infrastructure fund to offset dwindling tax revenue while leaving intact $165 million in proposed aid for Flint.

Ferguson, Missouri will go back to voters seeking a tax hike to help balance a budget strained by a drop in tax collections, legal expenses, and the costs of tackling policing and municipal court reforms outlined in a federal consent agreement.