Midwest

Michigan Gov. Rick Snyder said this week the state plans to offer assistance to the city of Flint, which has faced serious drinking water pollution problems since breaking off from the Detroit Water and Sewerage Department last year.

In Chicago’s second dose of good airport credit news, Standard & Poor's on Tuesday raised O’Hare International Airport’s ratings by one level as the city heads into the market next week with $2 billion of mostly refunding debt.

At a state Senate hearing, Michigan treasury officials pushed back hard against a bill that would give local unlimited-tax general obligation bondholders a statutory lien.

Michigan Gov. Rick Snyder unveiled a new pilot program that will have state officials mentoring local officials of 10 struggling communities across the state.

Chicago's steep borrowing costs should come down if the City Council adopts Mayor Rahm Emanuel's proposed 2016 budget and property tax hikes, the city's chief financial officer, Carole Brown, told council members.

Gov. Rick Snyder wants lawmakers to tackle his controversial restructuring of Detroit Public Schools, but his office has yet to release the legislation outlining the proposal.

Chicago Mayor Rahm Emanuel brought the case for a budget proposal that hikes property taxes to fund police and firefighter pensions before the municipal bond market on Monday. Speaking in Manhattan to the Municipal Forum of New York, Emanuel said that the only alternative to his budget is to make massive cuts in the city’s workforce and services.

The Internal Revenue Service has determined that industrial development bonds issued by the city of Minneapolis in 2006 for a printing-facility project are taxable.

Morgan Stanley will be lead investment banker for the Wisconsin Center District board as it crafts a borrowing plan for the new Milwaukee Bucks arena; the district has named an initial legal, advisory, and banking team.

Chicago Mayor Rahm Emanuel skirted around questions over whether he’s pinning too much hope on the state for key provisions that soften the blow of his record property tax hike to cover escalating public safety costs.