Midwest

The total unfunded pension liability for all 50 states is expected to be $1.3 trillion for fiscal 2023, according to a Reason Foundation analysis.

Mesirow's public finance group will collaborate with the firm's institutional sales and trading team to offer clients defeasance and cash-flow management for their portfolios.

California-based Fulcrum Bioenergy will build a facility in Gary that converts household garbage into sustainable synthetic aviation fuel.

S&P Global Ratings placed Maryland Heights, Missouri, on credit watch with negative implications because of bonds from a related authority for a hockey rink.

Dustin Avey and Jeremy Garber were named co-heads of public finance; Fairman, a 40-year veteran of the firm, will remain in an advisory capacity into 2024.

The district plans an aggressive capital program in the next few years to meet rising demand and transition away from coal-fired plants.

A referendum for up to $350 million of general obligation bonds for a terminal project will appear on the Nov. 7 ballot.

Although the strike shouldn't "have significant adverse revenue consequences for Michigan or its local governments, it nevertheless highlights longer-term challenges for a state that is still disproportionately exposed to the domestic auto and auto parts industries," Moody's says.

School districts and local governments may only hold bond elections once a year now, in November. They also face new state-imposed revenue limits.

The city cites stronger tax collections, continued economic growth and stability, and revenue sharing increases provided in the state budget.