Midwest

Indianapolis-based Umbaugh has named veteran Ohio public finance professional Mark Miller as its director in that state.

Wisconsin Gov. Scott Walker’s administration is defending its decision for a second consecutive year to defer repayment of commercial paper instead of retiring it as originally planned in the budget.

The Indianapolis Airport Authority said this week that it has agreed to settle a dispute with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds, even though it disagrees with the IRS' position on the bonds.

K-12 education could be the next victim of the political quagmire enveloping the Illinois budget.

Voters in the consolidated governments of Indianapolis and Marion County, Indiana will decide the fate of an income tax increase to fund major upgrades to public transportation.

Chicago closes the door on a $2.2 billion downgrade-driven liquidity crisis by selling $535 million of water revenue-backed paper in a deal that sheds bank credit and counterparty risk.

Detroit Public Schools is moving perilously closer to a possible default or Chapter 9 filing, Moody's Investors Service said in a commentary.

The Chicago Summer Business Institute has 200 applications from high school students looking for an entrance to the business world but only 100 paid internship openings — a shortage organizers say highlights the need for an upcoming fundraiser.

The junk-rated Chicago Public Schools doesn't meet any of five state criteria to warrant further state intervention, the Illinois State Board of Education has found.

Wayne County, Mich., is open to moving its unfinished downtown Detroit jail to make way for a soccer stadium, but only if it is not saddled with the money and debt it has already sunk into the project