Midwest

Indiana’s chief budget official Adam Horst announced last week he is leaving the post to join Indiana University Health after less than a year on the job.

Standard & Poor's has lowered Centralia, Ill.'s general obligation rating by one notch to A-minus as the city grapples with red ink.

Oak Brook, Ill.-based Advocate Health Care Network will sell $150 million of new-money this week to finance projects including a new patient tower at one of its 10 Illinois hospitals.

Just two weeks after receiving clearance from the state Supreme Court, Minnesota hits the market Wednesday with its $654 million tobacco refunding that marks its first formal use of an appropriation pledge.

The Cook County Board Friday approved a $3 billion, fiscal 2013 budget as the county prepares to come to market later this month with roughly $300 million of refunding bonds for interest-rate savings.

Plans for the Iowa Fertilizer Co. to tap up to $1.2 billion of Midwestern Disaster Area Bond financing through the Iowa Finance Authority for its proposed nitrogen fertilizer plant are advancing.

Voters Tuesday repealed Michigan's controversial new law for fiscally stressed local governments, a move that Gov. Rick Snyder warned could lead to some municipalities declaring bankruptcy.

The auction last month of assets from the half-built Mamtek US Inc. artificial sweetener plant in Moberly, Missouri raised about $1.8 million.

A small, fast-growing Indiana city that needs money for capital projects sold its water and sewer systems for $91M in cash to the same utility that bought Indianapolis' systems for $1.9B last year.

Illinois-based Centegra Health System will offer up $200 million of mostly refunding bonds Thursday as it seeks to lay the groundwork for future issuance to finance a new hospital.