Midwest

The Michigan House of Representatives Dec. 4 narrowly passed a roads funding bill that would raise $1.2 billion by diverting money now sent to schools and local governments.

Buoyed by income tax revenue growth and reduced healthcare spending, Minnesota is on track to enjoy a more than $1 billion surplus, state fiscal officials said Thursday.

Detroit emergency manager Kevyn Orr said he plans to resign from his position in the new few weeks and that he hopes the city will be allowed to formally exit bankruptcy by Christmas.

A federal judge has sentenced former Ohio deputy treasurer and Chicago comptroller Amer Ahmad to 15 years in prison for his role in kickback scandal involving state investment business at the Ohio treasurer’s office.

Ottawa County, Mich., is bringing $29 million of gilt-edged federally taxable bonds to market on Wednesday to pay off a chunk of its unfunded pension liability, the first of several similar deals that may be on the horizon from local Michigan issuers.

Michigan Gov. Rick Snyder is urging lawmakers to overhaul the state's gas tax formula within the next three weeks to raise up to $1.4 billion or more in new annual road funding.

Strong double-digit investment returns in fiscal 2013 couldn’t stave off funding deterioration for some of the 11 pension funds that cover Chicago area governments and local government employees throughout the state.

Moody's Investors Service Monday revised its outlook to stable from negative on two Illinois-based health systems in recognition of the benefits of their year-old move to join forces.

The Metropolitan Pier & Exposition Authority signed off a $564 million contract to design and build a new convention center hotel and events center that will house an arena for DePaul University's Blue Demons basketball team.

Moody's Investors Service has revised Wisconsin-based ProHealth Care Inc.'s outlook to negative after several years of softening operating results.