Midwest

Missouri heads into the market next week with $100 million of its high-grade paper to finance state and public university building projects as lawmakers have wrapped up work on a fiscal 2017 budget with a final vote still looming on a gasoline tax proposal.

In a near unanimous vote, the Senate Environment and Public Works Committee on Thursday passed a bill that includes $1.4 billion in federal funding for Flint, Mich. as well as any other community facing a water crisis.

Spread fallout from Chicago’s latest pension and rating setbacks hasn’t trickled down to other local governments the way Chicago’s plunge to junk did last spring, Markit says in a new report.

A lawyer facing Securities and Exchange Commission charges that he violated federal securities laws as part of a pay-to-play scheme to secure Ohio pension business is arguing the commission’s charges cannot apply to him and should be dismissed.

After having been withdrawn from the energy bill in the Senate, controversial legislation to provide federal funds to Flint, Mich., and any other community facing a water crisis, has been included in a major water bill introduced in the chamber this week.

Ohio-based American Municipal Power Inc. will use a portion of the proceeds from its upcoming sale of $137.5 million in tax-exempt project revenue bonds to finance the purchase of an ownership interest in the Greenup Hydroelectric Facility.

State budget conditions vary widely as of late fiscal 2016, with the overall picture getting better while states with less diversified economies face significant stress, Standard & Poor's said Wednesday.

Ferguson, Missouri’s bond ratings fell deeper into junk territory amid the fiscal strains of dealing with fallout from a controversial 2014 fatal police shooting.

Chicago’s water revenue debt won an upgrade from Standard & Poor’s as the city prepares to shed bank counterparty and liquidity risks in an upcoming issue.

Detroit Public Schools says its prior administration’s mishandling of $30 million in federal funds won’t add to the fiscal burden the state is being asked to cover as part of a sweeping restructuring.