Midwest

Minnesota Gov. Mark Dayton on Monday signed legislation providing public funding for a new $975 million stadium for the National Football League’s Minnesota Vikings.

Michigan Gov. Rick Snyder last Thursday met with top Canadian officials to talk about a proposed $4 billion, publicly funded trade bridge spanning the Detroit River between Detroit and Windsor, Ontario, according to local reports.

The Michigan Senate last week passed a package of bills that would repeal the personal property tax, but the controversial measure faces a more uncertain fate in the House, which likely won’t even consider the bills until the fall.

Moody’s Investors Service last week revised its outlook on Cedar Rapids’ Aaa general obligation rating to negative as the Iowa city adds to its debt load to finance major development projects.

Chicago announced an agreement Monday with Aeroterm LLC to begin construction on a new, $200 million cargo center at O’Hare International Airport.

CHICAGO — Illinois Gov. Pat Quinn is expected to soon sign legislation shifting more of the funding burden for retiree health care to recipients, a move projected to save more than $250 million annually and shave billions off the state’s other post-employment benefits unfunded liability.

CHICAGO ­— Buoyed by strong revenue collections heading into a new fiscal year, Ohio will issue $303 million of general obligation bonds in a competitive sale set for next Wednesday to raise money for school projects.

WASHINGTON — The Internal Revenue Service has closed its audit with no change to the tax-exempt status of $19.04 million of tax-increment refunding revenue bonds that were issued in 2003 by the Florissant, Mo., Industrial Development Authority.

CHICAGO — The Illinois Finance Authority last week advanced financings on behalf of Loyola University of Chicago and Lake Forest College to help fund upgrades to residential and other student facilities considered key to the schools' appeal.

CHICAGO — Detroit Mayor Dave Bing Thursday tapped Jack Martin to be the city's new chief financial officer and oversee its urgent efforts to stabilize finances and avoid bankruptcy.