Midwest

Jeffersonville, Ind. last week approved a third and final resolution to issue up to $50 million of bonds for wastewater projects.

A judge in Madison County, Ind. last week ruled that Indiana law gives municipalities the right to lay off employees because of economic conditions.

Chicago will pursue three municipal marketing initiatives aimed at generating $18 million for the next city budget, Mayor Rahm Emanuel said.

The Chicago Board of Education last week approved the new $295 million three-year contract with the Chicago Teachers Union

Michigan officials Monday opted to push back by two weeks a $100M general obligation bond sale amid market disruption from Hurricane Sandy. The sale, which was set to price competitively Wednesday Oct. 31, will now sell Nov. 15, officials said.

The Civic Federation of Chicago said it supports Cook County President Toni Preckwinkle's 2013 budget, but warns that uncertainty surrounds key revenue sources, and that a structural deficit remains.

Crittenton Hospital, in an affluent suburb of Detroit, comes to market Tuesday with $108M of new-money and refunding bonds.

The Regional Transportation Authority of Illinois qualified 10 financial advisory firms to assist the agency on future bond deals and other fiscal transactions over the next five years.

Michigan officials Thursday named Joyce Parker as emergency manager of Allen Park, the latest city to be taken over by the state for fiscal distress.

Assets of the shuttered, half-built Mamtek US Inc. plant in Moberly Missouri were auctioned Wednesday to help creditors – including holders of $39 million of defaulted revenue bonds – recoup some of their losses.