Midwest

Chicago Comptroller Amer Ahmad will leave city government next month to return to the private sector after serving for a little over two years in Mayor Rahm Emanuel's administration.

Many large managers of municipal bond funds with Detroit paper said they haven't heard any panic from their investing clients since the city filed for bankruptcy and many of their funds have lost value.

Minnesota Gov. Mark Dayton announced his four picks for the board that will guide the state's $455 million public investment in the Mayo Clinic's proposed $6 billion makeover of its hometown Rochester.

The Michigan Court of Appeals Tuesday granted state Attorney General Bill Schuette's request to halt an Ingham County circuit court judge's ruling that Detroit withdraw its bankruptcy petition.

Taking advantage of a new state law, Michigan said Monday it will dissolve a pair of cash-strapped school districts after the districts failed to secure adequate private financing to allow them to remain open for another year.

The Chicago Infrastructure Trust will launch a search for a placement agent to market a financing that closely resembles a tax-exempt private placement.

The first hearing in Detroit's historic Chapter 9 bankruptcy case is set for Wednesday.

Moody's hit Cincinnati School District's certificates of participation from a 2006 issue with a one-notch downgrade to Aa3 due to the credit's links to the recently downgraded city.

Fitch Ratings has stripped Evanston, Ill. of its top credit rating ahead of its sale of $12.7 million of general obligation debt, a ding due primarily to the city's pension funding woes.

llinois Comptroller Judy Baar Topinka and not-for-profit leaders announced the formation of the Illinois Nonprofit Advisory Council to help service organizations deal with fiscal stress driven by chronically late state payments.