Midwest

Missouri is readying a roughly $90 million appropriation-backed refunding for sale next month with plans in the works to return next year with a rare new money issue for $200 million to fund a new mental health facility.

Detroit's bankruptcy court judge has delayed the scheduled start date for hearings on the city's confirmation plan by three weeks to Aug. 14.

Illinois Gov. Pat Quinn signed legislation Monday overhauling two of Chicago's struggling pension funds.

After a national search Columbia College Chicago has hired Michelle Gates to serve as president for business affairs and chief financial officer.

Detroit's hometown automakers pledged $26 million towards the Detroit Institute of Arts' $100 million share of the so-called "grand bargain" that's a key part of the city's plan to emerge from bankruptcy.

Missouri Gov. Jay Nixon announced his opposition to a ballot measure asking voters to approve a three-fourth cent sale tax hike to fund transportation projects.

Moody's Investors Service has downgraded Illinois-based Presence Health's rating one level to Baa2 due to ongoing operating pressures.

Chicago is awaiting word by a Monday deadline for Gov. Pat Quinn to act on legislation approved this spring overhauling two of the city's struggling pension funds.

Cuyahoga County, Ohio Executive Ed FitzGerald, who is running for governor, wants Cleveland's three professional sports teams to earn some of the tax revenue earmarked for the stadiums by winning more games.

Macomb County, which is adjacent to Detroit, is considering issue $270 million of long term bonds to cover its retiree health care benefit liability.