- Michigan
CHICAGO — Michigan Gov. Jennifer Granholm yesterday unveiled a $47 billion all-funds fiscal 2011 budget that eliminates a $1.8 billion shortfall in part by imposing a tax on services and cutting state employee retirement and health care benefits.
February 11 -
CHICAGO — A central Indiana task force yesterday unveiled a nearly $10 billion regional transportation plan that recommends imposing a local sales tax and building express toll lanes to help keep Indianapolis competitive in the Midwest.
February 10 -
CHICAGO — The Illinois Finance Authority this week advanced plans for $750 million of health care borrowing planned by Alexian Brothers Health System, the University of Chicago Medical Center, Palos Community Hospital, and a continuing-care community.
February 10
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CHICAGO — The fiscal strain in Illinois that has led to record long bill payment delays this week prompted Moody’s Investors Service to downgrade five of eight state-supported universities that are owed $735 million by the state.
February 10 - Minnesota
CHICAGO — As the Minnesota Senate moved yesterday to advance a $1 billion capital budget, Moody’s Investors Service sent a credit warning by shifting its outlook on the state’s Aa1 rating to negative due to ongoing fiscal weakness and heavy reliance on one-shots to balance its books.
February 9 - Wisconsin
Standard & Poor’s last week upgraded by one notch to A-plus its rating on the Plymouth Joint School District due to its maintenance of strong reserves.
February 9 - Wisconsin
Wisconsin Gov. Jim Doyle last week signed legislation that advances state efforts to capitalize on its share of recovery zone facility bonds authorized in the federal stimulus program.
February 9 -
Over the past three years, 38 of Michigan’s counties have returned their roads to gravel because they lacked the money needed to maintain their paved infrastructure — and this year nearly half of the state’s counties will be faced with making the same decision, the County Road Association of Michigan warned last week.
February 9 - Michigan
Gov. Jennifer Granholm Friday signed off on legislation allowing Detroit — and all Michigan cities — to issue up to $250 million of fiscal stabilization bonds to help eliminate deficits and pay off short-term obligations.
February 9 - Illinois
Moody’s Investors Service last week downgraded to junk the unlimited-tax general obligation debt issued by the village of Riverdale, in suburban Chicago.
February 9
