Midwest

CHICAGO — Michigan voters head to the polls Tuesday to choose party candidates for a hotly contested November general election that features an unusually large number of open seats and will determine control of the Legislature.

CHICAGO — The Indianapolis-Marion County City County Council Monday night approved a high-profile plan to sell the city’s water and sewer systems to a local nonprofit utility.

CHICAGO — Chicago is planning three new-money and refunding general obligation and revenue bond sales totaling up to $2 billion to take advantage of the taxable Build America Bond program ahead of its scheduled expiration year end.

CHICAGO — CIFG Assurance North America Inc. on Monday sued Assured Guaranty Corp., charging it with breach of contract violations for reneging on its obligation to cover the policy on $83.3 million of Xenia Iowa Rural Water District bonds as part of its 19-month-old reinsurance agreement.

CHICAGO — Junk-rated Detroit will turn to Michigan for help in issuing up to $100 million of general obligation bonds to finance the purchase and renovation of a former MGM Grand casino into a new police headquarters.

CHICAGO — Closing arguments are scheduled to begin Monday morning in the federal corruption trial of former Illinois Gov. Rod Blagojevich after his defense rested its case last week without calling him to the stand.

CHICAGO — The Regional Transportation Authority of Illinois will receive $442 million in long-awaited state bonding proceeds for capital projects, representing the first installment of $2.7 billion of transit funding in the state’s capital budget, Gov. Pat Quinn announced Thursday.

CHICAGO — Omaha Mayor Jim Suttle Tuesday proposed a trio of tax increases in part to help address a pension shortfall that credit analysts have warned is one of the triple-A rated city’s main challenges.

CHICAGO — The managers of the bondholder-owned St. Louis convention center hotel complex presented a more upbeat revenue forecast for the facilities in a financial update last week, according to a new investor notice.

CHICAGO — Triple-A rated Columbus plans to enter the market next week with $432 million of general obligation bonds in a deal that marks its annual outing to raise funds for capital projects.