Midwest

CHICAGO — South Dakota lawmakers will attempt to hash out a final $4 billion budget for fiscal 2011 next week after suspending debate earlier this month to see if the state would receive up to $36 million in federal stimulus money that could be used to eliminate a deficit that’s roughly the same size.

CHICAGO — The Minnesota Public Facilities ­Authority today will take bids on $380 million of new-money and ­refunding state revolving fund bonds, including taxable Build America Bonds, to finance clean water and drinking water loans in a deal that will establish a new modernized indenture.

CHICAGO — The directors of two of Indiana’s largest borrowers have left for new jobs.

CHICAGO — Detroit Mayor Dave Bing said he was “elated” by Friday’s announcement that a for-profit health care system is interested in buying the Detroit Medical Center — Michigan’s largest charity-care provider — and infusing $800 million into the center’s Detroit campus.

CHICAGO — After dipping deeply into reserves to balance its 2009 and 2010 budgets, financially strapped Chicago is asking the public finance community for help in coming up with “creative ideas” to raise revenue or cut costs.

CHICAGO — The Illinois Supreme Court yesterday upheld an appellate court decision supporting the state’s decision to strip Provena Covenant Medical Center in Urbana of its property tax exemption because it failed to provide sufficient charity care in a case that has garnered national attention.

CHICAGO — St. Louis County will competitively sell $123 million of special obligation tax-exempt bonds and taxable Build America Bonds on Tuesday to fund a new county-wide emergency communications system.

CHICAGO — The Indiana Finance Authority has advanced a pair of transactions that will launch the state’s first use of its $3.1 billion Midwestern disaster-area bond allocation to help redevelopment efforts following damaging storms two years ago.

CHICAGO — Two rating agencies delivered good news to Rochester, Minn.-based Mayo Clinic this week in recognition of its fitter financial profile, including improved investment returns and revisions to its defined pension plan that lowered its liabilities.

CHICAGO — The Indiana General Assembly last weekend wrapped up its session with some major highlights, authorizing the privatization of two of the state's largest infrastructure projects and moving to preserve recent property tax caps by making them part of the state constitution.