Midwest

Surging state revenues eased the burden of managing fixed costs, Moody's says in an examination of state liabilities based on fiscal 2021 financial reports.

The muni market may get a temporary boost of support this week as investors received $18 billion of maturing and called bond proceeds on Sept. 1.

Moody's dropped the city's rating a notch to A3 and kept a negative outlook on the credit. Persistent structural deficits and pension liabilities were factors.

Baker Tilly will fold specialty consulting firm Management Partners into its public sector practice next month.

COVID-19 worsened the fiscal picture for the senior care, insurance, and hospital operator, but it faced rating pressure before the pandemic.

The authority maintained positive rating momentum by drawing outlook changes from Moody's on both its water and sewer bonds and from Fitch on its sewer debt.

Moody's Investors Service rewarded the ongoing fiscal turnaround of Detroit's home county with a two-notch upgrade.

A local memorial service in Madison, Wisconsin, for Hoadley is set for Saturday with a Washington, D.C., gathering expected in November.

Brandon Comer and Comer Capital Group have responded to the SEC's argument against summary judgment, claiming the Commission has not provided sufficient evidence.

The University of Michigan is studying the use of XBRL technology for local government financial reports with the state Department of Treasury set to act next.