Midwest

Plainwell Community Schools has sued Michigan after the state refused to sign off on a privately placed bond sale that would allow the district to pay off a state loan and generate interest-rate savings.

Moody's Investors Service cut its underlying rating on Dewitt Public Schools, Mich. to A1 from Aa3.

Gov. Rick Snyder Monday appointed long-time municipal finance veteran John Axe to the Michigan Judges Retirement System Board.

Indiana budget officials reported that general fund revenues increased 4% through October from the start of fiscal 2013, nearly double the most recent forecast.

Cook County announced it received a long-awaited federal approval for a so-called 1115 Medicaid waiver, allowing the county to expand its Medicaid program.

Chicago Mayor Rahm Emanuel's proposed $6.5 billion corporate fund budget for 2013 won the endorsement of a local government fiscal watchdog group.

Illinois will need to contribute $6.8 billion toward its five pension funds in the next fiscal year, up by about $965 million in the current fiscal 2013 budget, the Chicago Civic Federation said.

With underwriting desks back and investor appetites whetted after a lack of primary paper last week, Wisconsin jumped into the market with its taxable $251 million refunding.

Indiana's transportation director visited Ohio to tout the Hoosier State's $3.8 billion toll road lease as Ohio Gov. John Kasich nears an announcement on the privatization of the Ohio Turnpike.

Grigsby & Associates Inc. owner Calvin Grigsby faces a December hearing on accusations leveled by Illinois Secretary of State regulators over the firm's investment advice to the Illinois Student Assistance Commission.