Midwest

Indianapolis Museum of Art comes to market this week with $37 million of refunding bonds that are part of the museum's overhaul of its debt management policy.

The trustee for $113 million of bonds issued for a privately owned and operated airport at Branson, Mo. are negotiating possible modifications to a forbearance agreement for the struggling airport.

The Securities and Exchange Commission today charged the chief executive officer of a Chicago-based advisory firm with lying to the California Public Employers' Retirement System and other clients about the amount of money managed by the firm.

Illinois Gov. Pat Quinn outlined plans to spend $12.6 billion over the next six fiscal years on transportation and said more spending and borrowing for capital projects is needed.

The city of Flint this week announced it will pull out of the Detroit water system, a move that will hit the bottom line of one of Detroit's strongest assets.

Moody's Investors Service has placed the general obligation bond ratings of 29 local governments and school districts including Chicago, Cincinnati, and Minneapolis on review for possible downgrade due to its new methodology for analyzing public pension liabilities.

Indiana is on track to enjoy a "stable but slow" recovery, with revenues seeing a steady uptick through 2015, state fiscal officials said in a revenue forecast report released Tuesday.

Wisconsin will test a new bidding requirement in its $435 million competitive sale next week by setting a minimum coupon on the final five maturities of the 20-year paper.

After years of struggling with $13 million of bonds for a failed development, voters in Sylvan Township approved a ballot measure to more than quadruple their township tax rate, then threw all elected officials connected to the original bond issue out of office.

Gov. Jay Nixon last week signed a $219 million supplement to the fiscal 2013 budget that provides funding for education and other services.