Midwest

Missouri Gov. Jay Nixon issued a proclamation setting the vote on a ballot question to amend the state constitution raising the sales tax to fund transportation projects for the Aug 5.

A power generating unit at the mostly bond-financed Prairie State Energy Campus in Illinois was damaged but the operating company said it should come back online by summer.

The Ramsey County, Minn. board of commissioners approved spending $10.55 million to purchase a sports complex financed with $27 million of now-defaulted bonds sold by Vadnais Heights.

Detroit's attorneys said they are in the midst of an effort to put a price tag on the city's art collection following repeated requests from bond insurers and other financial creditors.

Illinois' expected passage of a compromise budget that doesn't extend an expiring income tax hike and relies on one-shots to avoid deep cuts won't sit well with investors or rating agencies, market participants said Wednesday.

The Detroit Institute of Arts, which has found itself at the center of the city's high-profile bankruptcy, warned that any attempt by creditors to cash in on the city owned museum's art would spark expensive litigation and undermine Detroit's post-Chapter 9 recovery.

A last-minute measure to overhaul Cook County, Ill.'s troubled pension system sailed through the state Senate Tuesday just hours after it was introduced, and now heads to the House.

Nearly a quarter of Detroit's buildings suffer from blight, and it would take $2 billion to fix the problem across the city, according to a report released Tuesday.

The Illinois General Assembly entered the final week of its spring session with the Democratic leadership focused on a budget that doesn’t rely on revenue from an expiring tax hike but also lacks deep cuts rejected by the House last week.

Wayne County, Mich. plans to erase a major chunk of its deficit by shifting more money than expected from its delinquent property tax fund, while it faces a lawsuit challenging the county’s struggling pension fund.