State of Michigan

In addition to repowering the nuclear plant, the Palisades owner wants to build a pair of new small modular reactors, which would mark another first in the U.S.

Open data standards will help Flint "tell its story" and benchmark itself against other cities, said CFO Robert Widigan.

Michigan's fiscal recovery led S&P Global Ratings to lift its rating outlook to stable from negative. Fitch boosted its outlook to positive earlier this month.

Michigan officials raised revenue estimates by $2 billion this year and $1.5 billion in fiscal 2022 as the state economy beats early pandemic expectations.

State tax revenues remain down compared to pre-coronavirus figures but estimates in a new forecast are higher than its previous official forecast in August.

Michigan Attorney-General Dana Nessel filed misdemeanor willful neglect of duty charges against former Gov. Rick Snyder in a Genesee County court.

Michigan Gov. Gretchen Whitmer named Dave Massaron to replace Budget Director Chris Kolb, who is taking an administrative job at the University of Michigan.

Fitch says the bond-financed settlement provides certainty and leaves the state's reserves intact, which puts the state on sound footing to manage the uncertainties with the coronavirus.

Michigan avoided deep cuts for fiscal 2021 but is still lobbying for federal relief to make up for coronavirus-driven tax losses as a fiscal 2022 gap looms.

Michigan now pegs its three year coronavirus-related revenue losses at $5 billion but cautions that much remains unknown heading into 2021.

Municipals turned weaker on the long end Tuesday as NYC's tax-exempt GOs were priced for retail investors.

Municipal bonds ended unchanged on Monday ahead of this week $8 billion of new issuance.

This week's $800 million deal is the first of $3.5 billion to be sold by the end of 2023 allowing Michigan to beef up its road and bridge infrastructure.

Municipals were little changed on Friday after a market moved that took long yields up by as much as 15 basis points since mid-month.

The authority's issue will also provide new money to help finance renovations at the state's historic capitol building in Lansing.

The deficits for the next two fiscal years remain unaddressed.

The municipal market saw a $40 billion-plus month for the second time this year, as issuers flooded the market with bond sales during the month of June.

The state is facing an immediate $3.2 billion budget hole for the current fiscal year, with revenue estimates cut more than $5 billion for the next two.

Michigan voters head to the polls on March 10 to decide on more than $600 million of school boding proposals.

Pending legislation seeks to block governor’s $3.5B bond-funded road fix.