Midwest

Mayo Clinic will return to the taxable market for the second time in six months as low rates coupled with freedom from tax-exempt compliance issues are proving too good of an incentive to resist.

The Ohio Turnpike Commission plans to issue a pair of RFQs for firms interested in acting as underwriter or bond counsel on a $1.5 billion deal featuring a new turnpike credit that still needs to be approved by the Legislature.

Wisconsin Gov. Scott Walker proposed a $68 billion two-year operating budget that cuts income taxes, bolsters transportation funding, and replenishes the state's exhausted authorization to refund general obligation debt.

If Michigan Gov. Rick Snyder appoints an emergency manager for Detroit, that person will tackle $15 billion of long-term debt liabilities and try to maneuver around a $440 million swap termination payment.

A new Illinois pension reform proposal calls for making permanent Illinois' temporary income tax hike and directing those revenues along with higher employee contributions to stabilize the pension system.

Treasurer Andy Dillon said Detroit can avoid bankruptcy, after a Michigan review team found that a financial emergency exists in the city paving the way for an emergency manager.

The public agency that owns the McCormick Place Convention Center in Chicago unveiled plans with city and state officials Tuesday to build a new, 1200-room $400 million hotel to serve the convention center complex.

Fitch Ratings revised its outlook to negative from stable on Xavier University, a private, Jesuit institution based in Cincinnati. The ratings agency affirmed its A-minus rating on the school.

Fitch Ratings has revised its outlook to negative from stable on the A-minus rating held by Bethesda Health Group due to the balance sheet strains from low occupancy levels and flat revenue growth which heightens concerns over its aggressive debt profile.

Fitch Ratings has revised its outlook on Kansas City, Missouri's general obligation, lease, and special obligations ratings to stable from negative in recognition of its advances in pension funding and decision to scale back on an ambitious capital plan.