Midwest

Michigan voters in August will decide whether to eliminate the state's personal property tax, a central source of revenue for many local governments.

Illinois Gov. Pat Quinn's plan to make an expiring income tax permanent has just a little more than half the votes needed to clear the Illinois House with the clock ticking on the legislative session.

JP Morgan Chase CEO Jamie Dimon said Detroit's bankruptcy and proposed bondholder treatment shouldn't hurt the market for local Michigan bonds over the long run, according to the Detroit Free Press.

A Michigan House committee devoted to Detroit's bankruptcy unanimously approved legislation to authorize a $195 million state contribution to the city's pensions and outline oversight of the city post-bankruptcy for the next 20 years.

Minnesota Gov. Mark Dayton signed legislation authorizing $1.1 billion in mostly bond-financed infrastructure spending and extending the state's ability to do negotiated bond sales for four years.

Two former Minneapolis-based Northland Securities veterans have returned to the firm to bolster its education work.

Michigan legislators neared a vote on a package of bills aimed at resolving Detroit's bankruptcy after a hearing that saw testimony from public finance veteran Richard Ravitch and Detroit Mayor Mike Duggan.

Illinois Gov. Pat Quinn lacks the House votes needed to win approval of his plan to make an expiring tax increase permanent, despite a lengthy lobbying session with fellow Democrats.

Cuyahoga County, Ohio is bringing $230 million of low double-A rated certificates of participation to market Thursday for a 32-floor Hilton hotel located adjacent to the convention center in downtown Cleveland.

Cincinnati Mayor John Cranley last week unveiled a 2015 budget that includes his plan to transfer $100 million out of the city's retiree health care benefits account into its underfunded pension account.