Midwest

The Minneapolis College of Arts and Design's growing enrollment numbers and improved cash flows and debt service coverage prompted Moody's Investors Service to revise its outlook to stable from negative.

Two ratings agencies have revised their outlooks on Iowa-based Mercy Medical Center's A level ratings to negative due to the hospital's operating struggles.

The triple-A Minneapolis-St. Paul Metropolitan Council is readying $194 million of general obligation notes and bonds for competitive sale Tuesday.

Michigan expects to collect $541 million more than it had expected over the next two years, economists and state officials said Friday at the state's twice-annual revenue-estimating conference.

Veteran Chicago-based public finance attorney Chuck Katz has joined Polsinelli PC as the firm continues to build its business nationally across legal practices.

A coalition representing Detroit retirees sued in federal court to block the city from implementing health care changes that would shift older employees to Medicare and younger ones to the state-based health care exchange.

Illinois' balance sheet remains strained with a more than $4 billion deficit looming in the coming years as the expiration of a temporary income tax hike saps revenues.

Detroit's negotiations this week with holders of the city's nearly $6 billion of water and sewer bonds went well enough that one investor said a settlement is likely.

Illinois Gov. Pat Quinn signed into law pension reforms aimed at stabilizing the Chicago Park District's struggling system; other local governments including Chicago are hoping for similar legislation this year.

Indiana lawmakers return to work for a winter session highlighted by Gov. Mike Pence's controversial proposal to eliminate the property tax on business equipment and machinery, a move that would impact cities like Whiting.