Midwest

The Detroit Water and Sewerage Department wants to impose double-digit rate hikes to offset flat revenues even as the city and suburban leaders continue to try to hammer out a final deal to lease the troubled department to a regional authority for 40 years.

Missouri Gov. Jay Nixon on Tuesday announced agreements that would help pave the way for the future construction of a new St. Louis Rams football stadium at a site just north of downtown St. Louis.

Wisconsin Gov. Scott Walker's administration rejected a proposal pitched this week by the Menominee Tribe to cover $220 million in state funding for a new Milwaukee Bucks basketball arena in exchange for a new casino.

The Missouri Senate will vote Thursday on legislation tightening limits on how much local governments can rely on court-related fines to prop up their operating budgets.

Michigan Gov. Rick Snyder's 2016 executive budget features only modest spending increases and little borrowing as the governor continues to push lawmakers to support a sales tax increase to generate $1.3 billion in new road money.

Detroit Mayor Mike Duggan said in his state of the city address Wednesday night that the city is on the road to recovery and that he’s focused on growing population to ensure long-term survival.

Illinois Capital Markets Director John Sinsheimer will resign this week as the state's debt manager after more than five years in the position, Gov. Bruce Rauner's office said Tuesday.

The Board of Trustees for the Minnesota State Colleges and Universities system takes competitive bids Wednesday on $78 million of new money and refunding bonds.

The steady annual climb in the collective long-term, tax-supported debt of Chicago, Cook County, and the city's sister agencies reversed course in 2013, doing little to dent a debt tally that is up almost 60% over 10 years.

Owners of the bankrupt Indiana Toll Road assured a federal bankruptcy judge recently that they expect to find a new owner for the 75-year lease within a few months and that the asset could fetch as much as $5 billion.