State of Michigan

Covenant's issuing tax-exempt debt to retire some variable-rate, term loan bank debt and taxable bonds to fund construction of a rehabilitation facility.

Drawing the distinction between the region and the city helps the city provide better revenue projections going forward.

Michigan state officials say low interest rates make a compelling case for issuing bonds to fix roads.

Democrat Gretchen Whitmer will sign a supplemental bill restoring more than half of the funding she vetoed in a policy dispute with the GOP-led legislature.

Michigan is more vulnerable because of its higher exposure to the auto manufacturer relative to other U.S. states, said Moody's Investors Service.

The budget battle between Republican lawmakers and Gov. Gretchen Whitmer looks no closer to being resolved by the Oct. 1 deadline.

The plan would have the state issue $10 billion of pension obligation bonds to create annual budget savings to fund road repairs.

First-year Democratic governor Gretchen Whitmer faces opposition from the GOP-controlled legislature.

Municipal bond sales sank 28.2% from April 2018 as issuers awaited clarity on federal infrastructure plans.

Gretchen Whitmer's first budget proposal would also provide a tax break for pension and retirement income.

Municipal bond issuance jumped 29.2% in February, and may climb further as the initial effects of the 2017 tax act fade.

Gov. Gretchen Whitmer had a lot to say about what she wants to do but no details on how to pay for it.

Rachael Eubanks will draw on more than a decade of public finance experience to solve some of the state's infrastructure problems.

The state expects to see an extra $265 million in tax revenues for fiscal 2019, which ends Sept. 30, and $225 million in fiscal 2020.

The spending plan uses money generated by a new online sales tax and funds unspent by state agencies.

State officials say the P3 structure will allow it to complete the Interstate 75 project a decade early.

Democrat Gretchen Whitmer and Republican Bill Schuette are running for the open seat of Michigan governor.

New York, Wisconsin and California issuers priced bonds as investor demand continued to support municipal debt, analysts and traders said. Deals ran the gamut from high-grade to high-yield.

Led by issuers in New York, Minnesota and Michigan, municipal bond buyers saw more supply head their way on Tuesday.

The early birds caught New York City general obligation bonds, as RBC priced an $810 million offering to retail buyers to start a busy primary week.