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Michigan Gov. Gretchen Whitmer named Dave Massaron to replace Budget Director Chris Kolb, who is taking an administrative job at the University of Michigan.
December 28 -
The high-yield deal will mark the junk-rated city's third post-bankruptcy general obligation issue on its own credit, without any external support.
December 17 -
The fate of the state budget and ratings may depend on the progressive income tax ballot measure. Midwest voters also face $2.3 billion of bond measures Tuesday.
November 2 -
Detroit's public school system believes the city's stand-alone bond sales bode well for its future market access should it eventually seek to borrow.
October 28 -
Detroit's spreads widened from last deal in 2018 but interest rates were lower thanks to overall bond market conditions.
October 19 -
Municipals were a bit stronger on the long end Thursday as action heated up in the primary.
October 15 -
Detroit is selling $80 million of its speculative grade-rated GO paper with more on tap should voters sign off on $250 million of blight borrowing.
October 14 -
The Detroit City Council agreed to put Mayor Mike Duggan's revised $250 milliot bond proposal on the November ballot after nixing his original plan last year.
July 22 -
Revised plan addresses concerns the council had when it rejected the initial version in November.
July 17 -
S&P revised its outlook on Detroit's speculative grade rating to negative from stable Thursday as COVID-19 clouds the city's fiscal prospects.
April 30