Midwest

Missouri transportation officials blamed a lack of consensus on how to pay for the state's transportation needs for the failed ballot measure that sought a sales tax hike to generate more than $5 billion in new revenue.

The struggling Lakeside 370 Levee District in St. Charles County, Missouri has filed Chapter 9 bankruptcy as it seeks to restructure $34 million of unrated bonds in hopes of improving the project's prospects.

Detroit emergency manager Kevyn Orr is looking for private firms interested in taking over the city's parking system, where nearly half the meters are reportedly broken.

Chicago Mayor Rahm Emanuel hosts the investor community Friday with a mixed bag of news to share a year after its last meeting was marred by a rare triple-notch downgrade.

Fitch Ratings Monday downgraded Lorain County, Ohio, warning that the county has shown problems balancing its budget and seen some economic weakening.

Illinois' current fiscal strains pose a threat to the credits of state's public universities that rely heavily on state subsidies, Standard & Poor's warns in a new report.

Indianapolis is coming to market this week with $50.2 million of tax increment backed revenue bonds to finance a pair of large downtown developments that will help satisfy a rising demand for downtown living space.

Michigan voters Tuesday will consider a ballot measure that would phase out the personal property tax, which is levied on businesses and is a chief source of revenue for local governments.

Minnesota will take bids Tuesday on a rare certificates of participation issue for $85.4 million Tuesday to raise funds to finance a new legislative office building that was the subject of a legal challenge.

A troubled Michigan school district located in a city only recently freed from state control stepped closer to its own takeover Friday when a review team announced it has found a financial emergency.